An increase in the quantity of money doesn't bring any general improvement of conditions.
The Treasury needed someone who could clothe the bareness of financial heresy with a plausible nontransparent drapery. Mr. Keynes was taken into the British Treasury as its principal adviser, seated on the board of the Bank of England, and elevated to the peerage as Baron Keynes of Tilton.
The government has tried to further manipulate the economy to compensate for the adverse effects of its printing of money.
Why does the behavior of the Greek government have anything to do with taxpayers in Germany? Why did the original Maastricht Treaty have rules about fiscal policy as part of the criteria for monetary union? The answer is that the euro is a fiat currency.
The Chinese economic miracle is nothing but a redder version of Keynesianism.
Every day, before waking, I use a number of items my hands could not create in a thousand lifetimes.
There can be no doubt: even a little bit of freedom lifts people up, even the poorest countries.
Both the Federal Reserve and the European Central Bank are owners of the printing press. They produce base money.
Strangely, Canada finds itself at the most pro-market limit of the political spectrum.
