Powell admits: "We print [money] digitally. So as a central bank, we have the ability to create money digitally. And we do that by buying Treasury bills or bonds for other government-guaranteed securities. And that actually increases the money supply."
Murray Rothbard once stunned me by saying that he thought the greatest economist in history was Eugen von Böhm-Bawerk: “Böhm-Bawerk created a mighty system of economic theory and then successfully defended it against all comers.”
Does anyone remember, during the last financial crisis, the “evil bankers” who almost collapsed the entire financial system?
The surge in unemployment isn’t over. New jobless claims data released today
The Swiss National Bank owns approximately $94 billion of publicly traded US equities such as Facebook, Apple, Amazon, Netflix, and Google? Its top holding is in Apple, with over $4 billion worth of shares in the company.
Could the COVID-19 panic lead to a generational shift in culture comparable to those resulting from the Great Depression or the advent of the perso
It strikes me as not a coincidence that governments choose experts whose advice usually leads to increasing the power of the state and the prestige of the politicians who run those states.
