Wall Street Math
There's plenty of blame for the financial crisis being spread around. Those on the left say Wall Street wasn't regulated enough, while those on the right claim government mandates required lenders to make bad loans.
There's plenty of blame for the financial crisis being spread around. Those on the left say Wall Street wasn't regulated enough, while those on the right claim government mandates required lenders to make bad loans.
The free market can and will respond to the demand of ordinary citizens for a reliable and convenient money.
To ascertain what inflation is all about, we have to establish its definition.
In today's fiat-money regime, the possibility of deflation appears fairly small indeed.
Scott Sumner will have to go back to the drawing board in his attempt to deny that there was any type of inflation during the 1920s.
Presented by Bill Barnett at the Mises Circle in New Orleans, 5 November 2011.