What Henry Hazlitt Can Teach Us About Inflation in 2014
In 1946, as now, the government held up the threat of deflation to justify a policy of ultra-low interest rates.
In 1946, as now, the government held up the threat of deflation to justify a policy of ultra-low interest rates.
Sponsored by Jeremy S. Davis
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To prevent future economic pain, what is required is the closure of all the Fed’s means of creating money out of “thin air.”
Even mainstream empirical data shows that the Phillips Curve is wrong and that inflation does not cure unemployment.
Merely increasing demand does not increase production or produce wealth.
The skyscraper curse continues to haunt us. Thanks to cheap money and malinvestment, new record-setting skyscrapers are being planned and built as the global fiat-money-induced boom continues toward its inevitable correction.
Until Ron Paul raised the issue at the national level, the Federal Reserve had been treated with lazy indifference.