A Modest Proposal for the Fed
So how about it, Mr. Powell? A real economy operates without ultra-low interest rates and activist central bank stimulus.
So how about it, Mr. Powell? A real economy operates without ultra-low interest rates and activist central bank stimulus.
The Anti-Corn-Law League was the best financed and the most highly organized political pressure group that Britain has ever witnessed.
What causes financial crises, domestic and global, is the underlying, continuing credit expansion.
The Austrian story fits the facts of the housing boom—and bust—much better than the preferred narrative of Market Monetarists.
Austrian economics in particular provides the historian with a theoretical apparatus that equips him with the ability to make disembodied statistics tell a coherent and accurate story.
F.A. Hayek's many contributions to the Austrian school of economics are highlighted by Peter Klein.
Emerging economies should not bet on the Fed to bail them out, but begin to solve their serious imbalances without expecting monetary miracles.
"Higher order" industries like manufacturing and mining are particularly sensitive to changes in interest rates. And it doesn't look like anything's different this time around.
"Higher order" industries like manufacturing and mining are particularly sensitive to changes in interest rates. And it doesn't look like anything's different this time around.
From Section 2: "And How Austrian Economists Predicted Every Major Economic Crisis of the Last 100 Years."