Once interest rates begin to rise — and rise they must, whether as a result of Fed policy or not — the end of the asset price inflation will be at hand. The result will be another financial crisis and accompanying recession.
In their new book “Money”, Steve Forbes and Elizabeth Ames write with insight about the dangers of inflation and easy money, but ultima
When all you can do is exchange one good for another, life will be inconvenient when nobody has what you really want. Enter money. You exchange your good for money. That money can now be exchanged for what you desired. These indirect exchanges satisfy everyone. That's the power of money.
How is socialism related to money? Money should be produced just like other goods through free markets. Central banks should not be controlling money, banking and credit.
This lecture by Philipp Bagus was presented at the 2012 Mises University in Auburn, Alabama. Includes an introduction my Mark Thornton.
This lecture by Roger Garrison was presented at the 2012 Mises University in Auburn, Alabama. Includes an introduction my Mark Thornton.
This lecture by Philipp Bagus was presented at the 2012 Mises University in Auburn, Alabama. Includes an introduction by Mark Thornton.
In their new book Money, Steve Forbes and Elizabeth Ames write with insight about the dangers of inflation and easy money, but ultimately, they fail to follow through on their analysis and instead make peace with monetary expansionism.
