Money and Banking
Real Bills Raises its Ugly Head, Again and Again
“I know no time which is lost more thoroughly than that devoted to arguing on matters of fact with a disputant who has no facts, but only ver
Empire of Debt
It is hard to know when the empire and its bubbles will collapse. Bill Bonner and Addison Wiggin don't pretend to know. But, Empire of Debt makes the wait more fun.
Is There a Glut of Saving?
Can there be such thing as too much saving? Frank Shostak says this is like asking if can we have too much real wealth.
9. Monopoly and Anti-Trust, Monopsony
The Austrians view is that monopoly came about as privilege, usually granted by royalty, given to a particular person or industry. This process is arbitrary and capricious. Free entry is required in capitalism. There cannot be restrictions on entry, as with doctors.
Price, quantity, profit, and deadweight loss are four criticisms of monopolies.
