The way GDP is calculated is problematic for many reasons. Many economists have long opposed government GDP statistics, because a government that can claim to know how much an economy has grown, can more easily claim that it can tinker with the economy to get more growth.
If price inflation near 2 percent is good for the economy, why not aim at a higher rate of inflation and make the economy much healthier?
Most economic commentators blame weakening economic data on recent bad weather in the US. Many assume it will improve once consumers can go out and spend again. But it’s more likely weakening trends are in response to the emerging economic bust brought about by a decline in the growth momentum of the money supply.
Interviewed by host Redmond Weissenberger, Mark Thornton discusses how central bankers cause problems in the economy.
Interviewed by host Alan Butler, Mark Thornton discusses how mainstream economists are sitting in the dark with no tools to install another light b
Section Six: Truth and Lies about Markets. Narrated by Harold L. Fritsche.
Section Four: Money and the State. Narrated by Harold L. Fritsche.
Section Six: Truth and Lies about Markets. Narrated by Harold L. Fritsche.
Interviewed by host Scott Horton, Mark Thornton discusses the government policies that caused and worsened the Great Depression, cutting welfare-fo
