Wesbury and the Austrians
Brian Wesbury, chief economist at First Trust Advisors, offers in th
Brian Wesbury, chief economist at First Trust Advisors, offers in th
Capitalism should not be condemned, since we haven’t had it. Capitalism presumes sound money, not fiat money manipulated by a central bank.
No subject is so much discussed today — or so little understood — as inflation.
Apparently in the 1930s only Mises was courageous enough to point out that political organizations were responsible for the unnecessary aggravation of the economic crisis of 1929.
Ludwig von Mises Corel PDF Engine Version 11.4.0.100
The systematic problem arises from the fact that monetary policy sends incorrect signals into capital markets, reducing lenders' ability to distinguish between good and bad loans; it also sends incorrect signals to potential borrowers about what they can and cannot afford.
It’s interesting to look the producer price index and consider how extreme and relentless are price increases over time, and it strikes me th