Money and Banking
Displaying 941 - 950 of 1991
The Fed’s Confusion Over the “Natural Rate” of Unemployment and Inflation
The Fed often uses the "natural rate" of unemployment to determine whether or not it should raise interest rates. But as with so many metrics the Fed uses, this one is based on arbitrary measures that can be manipulated to suit Fed policy.
Lenin and Marx: Sound Money Advocates?
Surprisingly, Marx and Lenin were occasionally insightful when it came to the problems and consequences of fiat money in the economy. In principle, they opposed unbacked currency. But of course, once communists seized political power, those principles went right out the window.
Greece’s Biggest Problem Is Its Anti-Capitalist Culture
Like Argentina and Venezuela, Greece's economy is plagued not just by institutional problems, but by a pervasive anti-capitalism that continually cripples the ability of individual Greeks to build wealth and a solid economy.
Greek Taxpayers Facing a Future of Debt Slavery
The Greek government has spent freely for many years to enrich itself and its special interests at the expense of taxpayers. And now, it is not the Greek politicians who will suffer, but the taxpayers who face a future of unending debt payments.
Greece Illustrates 150 Years of Socialist Failure in Europe
The Greek crisis illustrates the latest failure in Europe's attempts to build a lasting prosperity through consumption and redistribution of wealth. It's been going on for 150 years, and it remains to be seen if Europe will learn anything from the present crisis.
Economic Stagnation and the Global Bubble
Despite massive policy stimulus in the United States, the US economy is now growing far more slowly than in past periods of monetary inaction from the central bank. Meanwhile, fragile economic bubbles are being inflated from China to Europe.
Greece and the West’s Monetary Sin
The stability of the Eurozone is back in the spotlight this week amidst Greece’s talks with its creditors—which seem to be going nowhere good.
Dumping the Euro Isn’t a Cure-All: Easy Money Lets Governments Avoid Free-Market Reforms
The euro is an inflationary fiat currency, but it’s apparently not inflationary enough for many profligate European governments that want their own local currencies so they can inflate even more, and use easy money to temporarily cover up many economic sins.
Gold and Economic Inequality
Both Republicans and Democrats think they can tinker their way to creating an economy with less inequality. Both sides miss the point, and ignore the central role of government fiat money in the problem.
