A Drop in the Money Supply Was Not the Cause of the Great Depression
Even if the central bank were to be successful in preventing the fall of the money stock, this would not be able to prevent a depression if the pool of real savings is declining.
Booms and Busts
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A Drop in the Money Supply Was Not the Cause of the Great Depression
Even if the central bank were to be successful in preventing the fall of the money stock, this would not be able to prevent a depression if the pool of real savings is declining.
The Rise of Mega–Gambling Facilities: A New Skyscraper Curse?
Circa casino’s new three-story, 78 million–pixel, high-definition screen in its sportsbook gambling compound may represent a new frontier in mega–building trends similar to those of skyscrapers.
Digitization Fueled by Easy Money and Covid Lockdowns Is a Form of Malinvestment
Central banks were already fueling artificial bubble growth and malinvestment in tech firms. Then the lockdowns sped up the trend even more.
Why Asset Bubbles Involve So Much More Than Just Rising Prices
What matters is not whether the emergence of a bubble is associated with price rises but rather the fact that the emergence of a bubble gives rise to nonproductive bubble activities.
Ron Paul: Wisdom from a Master
America today confronts an unprecedented crisis. Our economy is collapsing, and the fake coronavirus “epidemic,” with its draconian restrictions, is destroying our liberty. What can we do?
Printing Money at a “Constant” or “Stable” Rate Won’t Prevent Boom-Bust Cycles
Money printing—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that money creation transfers wealth from productive to unproductive enterprises.
Printing Money at a “Constant” or “Stable” Rate Won’t Prevent Boom-Bust Cycles
Money printing—even at a constant rate—is going to generate the same result as any other money printing. The reason lies in the fact that money creation transfers wealth from productive to unproductive enterprises.
The Fed and the Housing Bubble/Bust
By flooding the market with cheap credit, Alan Greenspan pushed interest rates (including mortgage rates) down to artificially low levels. This caused the bubble in house prices and misallocated too many real resources to the housing sector.
Turning to Keynes in this Crisis Will Only Make Things Worse
If policymakers finally let a real economic "correction" and recession happen, it means the economy will finally turn toward doing what the consumers actually want.
