Money is a measure of value as the ruler is a measure of length. Changing the length of a ruler, or constantly manipulating the money supply, can only create chaos.The ECB doesn’t realize that constantly changing the measuring stick makes entrepreneurial decisions much more difficult?
The state exploits the uncertainty in the population about the true reasons for the growing gap in income and asset distribution.
Ms. Yellen wears the intellectual blinders of the mainstream macroeconomist. We can look forward to the Fed blindly fueling asset bubbles.
Interviewed by host Alan Butler, Mark Thornton discusses monetary and fiscal policy.
Central banks are becoming the real centers of political power.
Interviewed by host Alan Butler, Mark Thornton dispels the notion that a little bit of inflation is a good thing.
The dollar is very susceptible to losing its vaunted reserve currency position.
The financial crisis was the consequence of monetary central planning writ large. To avoid future crises, shutter the Fed.
