Money and Banking

The EU’s precariousness will only be fully exposed by the next credit crisis and the ECB’s response to it, which will end up collapsing the euro.

Without saving and investment, there can be no material progress — which is necessary for cultural progress and flourishing.

It's true that the Fed doesn't directly set a target for money creation. But by setting interest-rate targets, the Fed adopts a de facto policy of money creation. 

Creating money out of thin air always sets the boom-bust cycle in motion, even when there's an increase in the demand for money.