Interventionism

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Frank Hollenbeck

The European Central Bank’s recent move to negative interest rates is a sign that the ECB is hitting the panic button.

D.W. MacKenzie

Politicians won’t admit that quantitative easing and fiscal stimulus have unquestionably failed to produce a rapid recovery over the past five years.

James Grant

In 1946, as now, the government held up the threat of deflation to justify a policy of ultra-low interest rates.

Frank Shostak

To prevent future economic pain, what is required is the closure of all the Fed’s means of creating money out of “thin air.”

Christopher P. Casey

Even mainstream empirical data shows that the Phillips Curve is wrong and that inflation does not cure unemployment.

Patrick Barron

Merely increasing demand does not increase production or produce wealth.

J. Dayne Girard

Any government intervention in the economy, such as, loan programs, regulations, and subsidies, creates malinvestments.