WONK ALERT! And now for the meaty post of the week! Seriously, this is a fantastic piece by The Grump Economist, John H. Cochrane, senior fellow at The Hoover Institute. Here’s a sneak preview: What’s causing the big drop in …
Category: Interest rate manipulation
How Private Banks Create Bubbles — with the Help of Central Banks | Mises Wire
Observe that while fulfilling the role of the medium of savings, money is not savings. An increase in money will not result in more savings. An increase in savings requires the increase in the production of consumer goods all other …
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Comparing the cost of living between 1975 and 2015: You are being lied and fooled when it comes to inflation data and the cost of living.
Inflation is widely misunderstood by the public. Even economists tend to have a hard time coming to a general agreement to the true definition of inflation. When you ask the person on the street what inflation is they usually respond …
Notwithstanding Keynesian Fantasies, Redistribution Does Not Stimulate Growth — International Liberty
Back in 2010, then-House Speaker Nancy Pelosi actually claimed that paying people not to work would be good for the economy. Wow, that’s almost as bizarre as Paul Krugman’s assertion that war is good for growth. Professor Dorfman of …
Debt, Bubbles, and Reckless Government | International Liberty
I don’t like deficit and debt, to be sure, but government borrowing should be seen as the symptom. The real problem is excessive government spending. This is one of the reasons I’m not a fan of a balanced budget amendment, …
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Economic Updates You Won’t Want To Miss – Forbes
The Scariest Chart in the American Economy Today This is from the Economic Report of the President. HT Matt Yglesias. Economic Updates You Won’t Want To Miss – Forbes.
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Where Keynes Went Wrong – And Why World Governments Keep Creating Inflation, Bubbles, and Busts
When the world financial system failed in 2008, world governments intervened decisively. Guided by Keynesian economics teams with impeccable credentials, they intended not only to “stimulate” the economy, but to “jolt” it back to borrowing and spending as usual. All …
