Booms and Busts

Displaying 1081 - 1090 of 1779
George Ford Smith

"Through Fed monetary policy, the dollar is cheapened to produce an economy on steroids that eventually breaks down."

C.J. Maloney

By whatever name you call it, this massive "pump priming" by the US monetary authorities will engender exactly the same results it always has: malinvestment, dollar debasement, and speculative mania.

Discarding the possibility of a change in public labor policy, the only means of restoring equilibrium in the labor market is through a sustainable increase in aggregate demand for labor — an increase in private investment.

Douglas French

"Deflation is one of the great scarecrows of present day economic policy and monetary policy in particular,"

Douglas French

Combine loose money with flawed financial theories and the creation of byzantine financial products, and ultimately modern financial alchemy "has a distinctly statist and paternalist tone, and one which, taken to its logical conclusion, implies the establishment of nothing less than a world government with the power to redistribute most of our income at will," explain the authors.