Inflation

Displaying 31 - 40 of 104

Why "Price Stability" Policies Fail

InflationPrices

Blog08/17/2020

All price changes have real effects on demand for goods, and therefore alter goods' prices relative to one another. For this reason changes in the money supply can't fail to affect resource allocation.

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How Central Banks Made the Covid Panic Worse

InflationMedia and CultureSocialism

Thanks to central banks, people now believe the myth that it is possible to shut down the economy and everything will be fine if we just print a lot of new money.  

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A Rising Demand for Money Won't Save Us from Inflation

InflationMoney and Banks

Blog07/20/2020

The conventional view is that new money creation is no problem so long as the demand for money is increasing. The conventional view is wrong.

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Inflation: This Time Is Different

Inflation

Blog07/18/2020

There's more saving and less spending. This would bring deflation, but there's a catch: we're making less stuff, which means more money chasing fewer goods.

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How Central Banks Destroy Money's Purchasing Power

Central BanksInflation

Blog07/09/2020

Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state.

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The Dangers Posed by State-Controlled Digital Currency

Central BanksInflationMonetary Policy

Blog07/07/2020

If we choose to break the state monopoly of money and allow private digital currencies to compete, a myriad of different solutions will emerge to serve a myriad of different needs.

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After the Lockdowns, Government "Fixes" for the Economy Will Make Things Even Worse

InflationFinancial MarketsU.S. History

Blog06/20/2020

Like during the 1930s, governments are turning to new programs and schemes that will only prolong the crisis and makes things worse.

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Why the New Economics Just Boils Down to Printing More Money

InflationOther Schools of Thought

Blog06/15/2020

The new Keynesian recommendation for monetary policy is to “stabilize the growth of aggregate demand.” In plain language this means that the monetary authorities should never stop flooding the economy with paper money.

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The Quantity Theory of Money and the Equation of Exchange

InflationOther Schools of ThoughtPrices

Bad theories have a long life in the social sciences, and the crude quantity theory of money is one that refuses to go away.

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Defining "Inflation" Correctly

InflationPricesProduction Theory

Blog05/30/2020

The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility.

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