Japan finally joined the US and the EU in their grand 2-percent-inflation-forever experiment in 2005. Many Japanese politicians have benefited from this. Meanwhile, nothing has been done in Japan to actually help the economy defend itself against the next economic disaster.
Natural rights are fundamentally different from goods and services. Judge Napolitano explains in his new book how the acquisition of a mere service — security — cannot be based on the destruction of rights, which cannot be traded away.
In his new book The Forgotten Depression , James Grant, investor and founder of Grant's Interest Rate Observer , explores the Depression of 1921, a "forgotten" economic bust when the government failed to intervene, thus allowing the economy to cure itself.
Las ideas de Say siguen desafiando a los economistas intervencionistas hasta el día de hoy. La nueva biografía de Everl Schoorl arroja nueva luz sobre la vida y la obra de Say.
La Sra. Yellen lleva las anteojeras intelectuales del macroeconomista convencional. Podemos esperar que la Reserva Federal alimente ciegamente las burbujas de activos.
