Central Banks

Displaying 1 - 10 of 129

Deflation Is Not a Problem: Reversing It Is

Central BanksInflationKeynes

Blog12/01/2022

Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.

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The Reichsbank: Germany's Central Bank Lays Foundation of Monetary Disaster

Central BanksInflationMoney and BanksWorld History

Blog11/28/2022

Long before there was the infamous German inflation of 1923, the Reichsbank created the scenario of monetary debasement.

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Can a Deeply Unserious America Fix Its Economy?

Big GovernmentCentral BanksU.S. EconomyBusiness CyclesPolitical Theory

Blog11/22/2022

A serious political discussion at the federal level would center on structural problems of war and peace, debt and the dollar, and entitlements. But America in 2022 is a deeply unserious country.

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Will Global Rate Hikes Set Off a Global Debt Bomb?

Central BanksFinancial MarketsMoney and Banking

Blog11/21/2022

All of the excess of unproductive debt issued during the period of complacency will exacerbate the problem in 2023 and 2024.

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Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates

Central BanksThe FedInflationCapital and Interest Theory

Blog11/16/2022

The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.

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Inflation Is Not Price Increases. Inflation Causes Price Increases.

Central BanksInflation

Blog11/15/2022

The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.

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Do "Technology Shocks" Create the Boom-Bust Cycles?

Booms and BustsCentral BanksMonetary PolicyBusiness Cycles

Blog11/10/2022

The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong.

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Inflation in Pakistan: Follow the Money

Central BanksGlobal EconomyInflation

Blog11/03/2022

Pakistan, like so many other countries, is seeing inflation close to spiraling out of control. As for finding causes, monetary authorities should look in the mirror.

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The Bank of England Made Liz Truss a Scapegoat

Central BanksGlobal EconomyMoney and Banking

Blog10/18/2022

The only lesson for the United Kingdom is to remember that if you follow Greece’s economic policies, you get Greek debt, unemployment, and growth.

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Edward Chancellor's Much-Needed (But Not Heeded) Wisdom on Interest Rates

Central BanksInflationU.S. Economy

Blog10/14/2022

The world seems to be on fire, and much of the trouble comes from the efforts of central banks to suppress interest rates. No one understands that problem better than British historian Edward Chancellor.

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