Listen to the Audio Mises Wire version of this article. Even as production of goods and services has declined as a result of the reaction to covid-19, governments have been issuing larger and larger...
Bryce McBride
Latest work
Useful goods and services, and the productive resources needed to create useful goods and services, are wealth. Money is not wealth, and creating more money without first creating wealth is a big problem.
The crisis we faced in 2008 has not gone away, as we failed to heed its warning to change course and reduce debt levels. Instead, it has become bigger and more dangerous.
