The Upside-down World of John Maynard Keynes
John Maynard Keynes often employed flowery language like “animal spirits” and “liquidity trap” to describe things he did no
John Maynard Keynes often employed flowery language like “animal spirits” and “liquidity trap” to describe things he did no
The bonds will be backed by the usual way that the government gets money, which is to tax it or inflate it away.
But no area of commercial property will be spared the bloodbath.
Incessant creation of fiat money by government central banks will serve to engender more speculative booms to lure investors into financial ruin.
What a warped view of how the market economy works, to think that savings and foreign investment can cripple an economy.
Since the heart of credit is real savings, it is obvious that no government schemes, such as cleansing banks' balance sheets, can increase fully backed credit.
As the president signs the trillion-dollar stimulus package into law, financial networks are abuzz with investment pundits speculating on what comp
By flooding the credit markets with money created out of thin air, the central banks of the world are interfering with humans' attempts to communicate with each other after the housing bubble popped.
What permits real economic growth is an improvement in the investment infrastructure of the production process. What makes the improvement possible is real savings.