The Fed

We have been hearing from central banks that we were living in a synchronized growth territory. Well, it wasn’t the case.

Daniel Lacalle and Jeff Deist discuss why all of us have a stake in seeing central bank balance sheets shrink.

What the Fed was saying in 2007 suggests the central bank was practicing either deception, incompetence, or a combination of both.

The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.

Emerging economies should not bet on the Fed to bail them out, but begin to solve their serious imbalances without expecting monetary miracles.

From Section 1: "The Skyscraper Curse".

From Section 1: "The Skyscraper Curse".

From Section 2: "And How Austrian Economists Predicted Every Major Economic Crisis of the Last 100 Years".

From Section 2: "And How Austrian Economists Predicted Every Major Economic Crisis of the Last 100 Years".

From Section 2: "And How Austrian Economists Predicted Every Major Economic Crisis of the Last 100 Years".