Money and Banking

Pursuing a trade war with your largest creditor, whose also on the edge of insolvency, is a recipe for financial meltdown.

An overheating economy emerges once expenditure rises without being backed up by production, a situation that emerges when the money stock is increasing.

Recessions grow out of government and central-bank interventions that direct resources away from true wealth generating activities — and toward bubble activities.

Neither the Fed nor the government can grow the economy. They can only redistribute real wealth.