6 Steps Toward a More Sane Economic Policy
Any one of these steps — even partially implemented — would be a step in the right direction.
Money and Banking
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Review of Money, Banking, and the Business Cycle, Vols. I and II by Brian P. Simpson
While making numerous helpful contributions related to economic history, Simpson’s exposition of business cycle theory misleads rather than clarifies.
The Role of Shadow Banking in the Business Cycle
This article examines the impact of shadow banking on credit expansion and the business cycle.
Lew Rockwell on War and Our Upcoming Foreign-Policy Symposium
In this video, Lew Rockwell discusses our upcoming conference, and the role of the Fed in financing ongoing wars.
High Prices Don’t Cause Economic Bubbles
Bubbles aren't created by price increases. They're created by central-bank induced misallocation of resources.
On Military and Spending, It’s Trump Versus Trump
There's little reason to believe Trump will make the massive cuts elsewhere necessary to fund his new military buildup. That means printing more money.
Five Reasons for Central Banks: Are They Any Good?
No justification for central banks erases the fact that the central banks are creatures of power politics rather than economic reason.
Debt Isn’t a Problem — Easy-Money Policies Are the Problem
Debt can be a big factor in economic busts. But, the problem isn't debt. The problem is the easy-money policies behind the debt.
The “New Normal” of Ultra-Low Interest Rates
After nine years of unwarranted and irrational monetary policy, some people are taking the current monetary regime as normal and natural.
“Real Wealth” vs. the Boom-Bust Cycle
In a boom-bust economy, there is real wealth, and there is bubble wealth. Economic busts are a "cleansing mechanism" that clears out the bubble wealth.
