Each round of money printing eventually feeds back into the price system, creating demand for another round of money printing, and another, with each increase larger than the previous one. The law of diminishing marginal utility applies to money as it does to all goods and services.
Interviewed by host Al Korelin, Mark Thornton discusses how Austrian Economic principles can lead the U. S. on the path back to prosperity.
I have written about the housing bubble in Norway here,
Sweden, once the crown jewel of the welfare state, took the road less traveled, and emerged as a financially sound economy, and an example of the economic growth possible with free markets. The country’s financial strength and its ability to resist a global recession are due to the long-term rolling back of the expansive welfare that Keynesians so often praise.
The prospects for an unwinding of the Fed’s bloated balance sheet without even more damage to the economy and a return to a more reasonable rules-based monetary policy, are significantly diminished under a Yellen-led Fed. It is time, not to restore a rules-based policy, but to denationalize money.
Mises.org readers were alerted to the housing bubble in Norway in January 2
Interviewed by Merlin Rothfeld and John O’Donnell, Mark Thornton discusses the legalization of Marijuana and its economic impact, as well as
Interviewed by host Al Korelin, Mark Thornton offers an Austrian perspective on the world of bubbles in which we live.
The state exploits the uncertainty in the population about the true reasons for the growing gap in income and asset distribution.
