Eurodollars as a Fractional Reserve Market
We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars.
We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars.
By corrupting the meaning of inflation, mainstream economists have given a false picture of what happens when monetary authorities expand the money supply. Mises and Rothbard understood.
Governments do two things: they grow and they deprive citizens of their wealth. That process has not changed for more than a century in the USA.
Government statistics on inflation in the food sector have failed to account for skimpflation and shrinkflation.
The "2 percent" inflation target is purely arbitrary, and mainstream economists can't agree on the "right" level. It's all folly, and Austrian economics explains why.
Too many economic commentators claim that monopolies are the cause of inflation. Austrian economic analysis shows that this is impossible.
Some problems with inflation measures, inequality and social mobility, and further implications.
By corrupting the meaning of inflation, mainstream economists have given a false picture of what happens when monetary authorities expand the money supply. Mises and Rothbard understood.
Government statistics on inflation in the food sector have failed to account for skimpflation and shrinkflation.
The fiat US dollar is being imperiled by reckless actions by monetary authorities.