Money and Banking

We are told that if further signs of recession develop the government must spend more to keep the boom whipped up. This is false.

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.