It is an article of faith in mainstream economics that an economy cannot grow without a growing money supply. Yet, that is a false narrative, as increasing the supply of money over time ultimately sparks inflation and triggers business cycles.
While the NBER collects economic data ostensibly to aid policymakers, the data it acquires is useless without proper economic theory to correctly interpret the numbers.
The modern debt culture—underwritten by the Federal Reserve’s expansionary policies—is not only harms capital development, but it also encourages short time preferences, which diminishes the structure of production.
The rent is too high. However, government interference into rental markets has been the main reason rents are so high in the first place.
Politicians in both parties are promising to address the affordability crisis. But neither is focusing on, or even discussing, the true causes. Here’s what they are and how to fix them.
Inflation is not just an economic phenomenon. It also undercuts the foundations of a civilization, leading to the breakdown of society itself.
The rent is too high. However, government interference into rental markets has been the main reason rents are so high in the first place.
Inflation is not just an economic phenomenon. It also undercuts the foundations of a civilization, leading to the breakdown of society itself.
Mainstream economists and others speak of the Consumer Price Index as the measure of inflation. Yet, the CPI is nothing more than a weighted average of numbers put into an arbitrary formula. It is time to end this statistical charade for good.
President Trump has proposed a 50-year mortgage for new homebuyers, ostensibly to make housing more affordable. Actually, this financial instrument will make housing more costly and do nothing to address the root of this entire problem: the artificial housing shortage.
