Money and Banking

The tactics used by central banks don't just create bubbles or drive up prices. They actively destroy value and act as a tax on real producers in the economy.

The slowdown of the European economy is a disaster considering the enormous stimulus we are immersed in.

Would it be possible for the boom-bust cycle to emerge in the free market economy where the central bank does not exist and where gold is money?

Loose monetary policy can appear to work so long as real wealth is expanding. But money expansion weakens wealth creation over time, eventually leading to slower growth, lost wealth, and economic busts.

Joe Weisenthal is questioning whether people should be able to deposit their money in a checking account and be paid interest on it — Rothbardians have been saying that for decades. 

The introduction of money does not alter the fact that individuals still have to produce something useful in order to secure some other useful goods for themselves.

The Keynesian obsession with avoiding deflation and pushing consumer spending has led to a serious decline in savings and capital accumulation.

The US dollar came to rule the world in the wake of two world wars. But back then, the dollar's hegemony was based on a solid foundation of savings and capital accumulation. But today, the dollar's growth is based on huge piles of debt.

If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.

Given the way it's calculated, GDP can be driven up just as much by squandering wealth, as by building it up.