What Is the Liquidity Trap?
"Too little spending" does not cause recessions. On the contrary, too much spending spurred by central bank meddling is what leads to booms and busts.
Money and Banks
Displaying 1061 - 1070 of 2705
Austrian Monetary Theory vs. Federal Reserve Inflation Targeting
When a central bank sets a two-percent price inflation target as a guide for monetary policy, it is targeting an arbitrary construction of economic statisticians.
A Tale of Two “Deflationary” Booms — The Gilded Age vs. Today
Today's easy-money-fueled economic "boom" doesn't compare well to booms of the past.
Why Cryptocurrencies Will Never Be Safe Havens
Cryptocurrencies are an important step in the right direction. But thinking that we are magically creating new stores-of-value is a profound mistake.
The Rise of Zombie Companies — And Why It Matters
A zombie company merely survives thanks to the constant refinancing of its debt. Thanks to central banks, their numbers are alarmingly large.
Can Switzerland Survive Today’s Assault on Cash and Sound Money?
The Swiss love of privacy and sound economics has endured for centuries. But global trends continue to chip away at these venerable traditions.
Is Money Created by Government Decree?
Today’s demand for money is determined by yesterday’s purchasing power of money.
China: A Keynesian Monster
The the Chinese economy is a Keynesian jobs project of outrageous scale.
Here’s the True Definition of a Recession — It’s Not About GDP
Recessions are the liquidation of a boom that sprang up thanks to a previous period of loose monetary policy.
Why Wage Growth Is So Weak
As central banks enable the creation of money out of thin air, wealth creation has suffered, as has worker productivity.
