The skyscraper curse continues to haunt us. Thanks to cheap money and malinvestment, new record-setting skyscrapers are being planned and built as the global fiat-money-induced boom continues toward its inevitable correction.
Until Ron Paul raised the issue at the national level, the Federal Reserve had been treated with lazy indifference.
Easy money policy hurts most people, particularly workers and savers, and redistributes their wealth to the ruling elites.
The history of the last great US monetary experiment in “quantitative easing” from 1934 to 1937 suggests that things could end badly.
Inequality and income inequality are natural phenomena because people are different. Coerced inequality is another matter.
Mark Thornton discusses Martin Wolf's recent claim that "cautious savers no longer serve a useful economic purpose".
Interviewed by host Alan Butler, Mark Thornton explains fractional reserve banking and describes how we can ease our way out of the Federal Reserve
Central bank policies spread uncertainty, malinvestment, and unemployment. Only the private economy provides the necessary economic coordination.
