Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.
Lennart Wagemans
Lennart Wagemans is a multi-decade Austrian economics thinker with an engineering degree from Denmark. If he gets around to writing it, his book will be called Grain Age.
Latest work
Many claim the problem with fractional reserve banking is that it loans money into existence. It does, but under normal circumstances the money created by commercial banks disappears when loans are...
Many claim the problem with fractional reserve banking is that it loans money into existence. It does, but under normal circumstances the money created by commercial banks disappears when loans are...
