Chinese Bank Credit Drives Boom and Bust Cycle
Economist Brad Setser (Director of Research, Roubini Globa
Economist Brad Setser (Director of Research, Roubini Globa
Everybody worries about inflation these days. It’s chic. It’s trendy. And it gives me a great comeback to the boss at raise time.
Loan banking is non-inflationary. Interest rates on loans are merely reflective of price spreads. All speculation, on the free-market, is self-correcting and speeds adjustment, rather than cause economic trouble.
Barter – direct exchange- is inefficient because of the lack of a double coincidence of wants. Some third medium was sought to solve this. It is called money. Exchanges are not equal, they are win-win, with each party gaining more than he is giving or the exchange would not be made.
Mike Shedlock gives a rather Austrian-flavored explanat
According to this UPI article, Will Smith is gearing up to make G
A book-length manuscript based on notes taken by Bettina B. Greaves during the Mises Seminar in New York in the 1960s.
I came across this old thread in the Austrian Economics forum, and I thought some of