Would Cleansing Banks’ Balance Sheets Kick-start the US Economy?
Since the heart of credit is real savings, it is obvious that no government schemes, such as cleansing banks' balance sheets, can increase fully backed credit.
Since the heart of credit is real savings, it is obvious that no government schemes, such as cleansing banks' balance sheets, can increase fully backed credit.
Do we already have inflation in the pipeline? I think so.
As the president signs the trillion-dollar stimulus package into law, financial networks are abuzz with investment pundits speculating on what comp
By flooding the credit markets with money created out of thin air, the central banks of the world are interfering with humans' attempts to communicate with each other after the housing bubble popped.
In their zeal to oppose the lunacy of the so-called “stimulus” plan, many radio talk show hosts and other pundits have fallen into the
What permits real economic growth is an improvement in the investment infrastructure of the production process. What makes the improvement possible is real savings.
Just as "war is too important to be left to the generals," accounting is too vital for the economy and everyone's finances to have been left to the experts.
Recorded at the Mises Circle in Houston, Sponsored by Jeremy S. Davis; Saturday, 24 January 2009.
Jeffrey Tucker interviews Robert A. Lawson. Recorded 15 January 2009.
Equity markets have collapsed in value, bond yields are off, real-estate markets are (in many places) in a state of disarray, monetary devaluation