Saving — not Spending — Is the Engine of Economic Growth
To build wealth, we must first build capital and greater productivity. And that depends on savings.
To build wealth, we must first build capital and greater productivity. And that depends on savings.
Scott Sumner's Market Monetarist framework is seductively simple, but relies on a definitional trick.
This timeless insight was already suggested by economist Ludwig von Mises in 1940.
When interest rates increase in the future, busts and losses for banks will follow.
The relevancy of Mises’ analysis to today’s monetary and financial situation.
Europe must identify ways to limit their dependence on the US financial system – or else indeed be reduced to de facto-vassal status to DC.
Money is not neutral, and changes in the money supply set into motion a variety of unpredictable movements.
Contrary to what the Keynesians will say, a stronger yen could be good for Japan.
Thanks to the defeat of the more fiscally responsible member states, the EU has become a de facto transfer union.
Argentina's president Mauricio Macri has been as bad as, if not worse than, his left-wing populist predecessor on the inflation front.