Financial Markets

Displaying 611 - 620 of 1056
Robert Higgs

If mainstream analysts continue to disregard the role of regime uncertainty in the major depressions of the modern era, especially in accounting for their extraordinary duration, then they will only demonstrate the poverty of their own mode of analysis.

Douglas French

Some people are saying that all we need is optimism, as if our attitudes alone cause and fix the business cycle, and as if the real world doesn't matter at all. Actually, the "bad attitudes" of consumers and producers are the real fix: they lead to deleveraging and saving.

Robert Blumen

The Wikipedia entry  on the real-bills doctrine advances the controversial proposition that banks can increase the quantity of money without diminishing the purchasing power of each unit. I will refer to it as the Sproul doctrine.

Robert P. Murphy

Just as more and more analysts are worried about the economy imploding again, the NBER announces that the recession ended back in June 2009. The whole episode underscores the crudity of mainstream economics.

Robert P. Murphy

The government creates "jobs" that are destructive. Because there is no feedback of profit and loss, the only thing that can eventually end a harmful bureaucracy is a massive public outcry.

Robert P. Murphy

The best remedy would be for the government to stop interfering and let the market process work.

Kel Kelly

"An improving economy neither consists of an increasing GDP nor does it cause the overall stock market to rise."

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.

Robert P. Murphy

Bankers can spend their interest payments on real goods and services, thereby returning that money to the public, which can then use it again for further debt payments.