Monetary Policy

Displaying 1 - 10 of 150

Interest Rate Tightening Will Cause Even More Economic Destruction

InflationMonetary Policy

Blog07/23/2022

Rather than contributing to a "soft landing," raising interest rates will continue to destroy wealth.

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Does an Increase in Demand Cause Economic Growth? How Keynesians Reverse the Roles of Demand and Supply

KeynesMonetary PolicyFiscal Theory

Blog06/01/2022

Standard Keynesian theory posits that if the economy slows, government can revitalize it by increasing spending, which supposedly creates new demand. But government can't create something from nothing.

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The Hydra-Headed Model of Social Change

Financial MarketsInflationMonetary PolicyMonetary Theory

Blog05/30/2022

Adherents of MMT present their ideas in the form of a hydra. Shoot down one idea and another pops up that is just as preposterous. This is no accident.

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Ireland: When MMT and Price Controls Collide, Little Remains

InflationMonetary PolicyPrice Controls

Blog05/24/2022

Ireland has been "experimenting" with MMT and price controls. The results are predictable.

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Nickel: How Government Alchemists Turned a Base Money Hard and Now Are Expected to Kill It.

InflationMonetary PolicyGold Standard

Blog05/17/2022

Nickel is a base metal the government used to replace silver. Since then, the government has inflated so much that even nickel is too valuable for US coinage.

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Africa's Way Out of Monetary Colonialism

Central BanksInflationMonetary PolicyWar and Foreign Policy

Blog05/12/2022

Since the early 1960s, African nations have gained political independence from colonial powers, but the monetary colonialism of fiat money continues.

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Money: What Is It? The More Important Question: Why Is It?

Economic FreedomInflationMonetary PolicyMonetary Theory

Blog05/10/2022

Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.

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Contrary to What Some Economists Claim, the Fed Can't Give the Economy a "Neutral" Rate of Interest

Central BanksThe FedMonetary PolicyCapital and Interest TheoryMonetary Theory

Blog05/07/2022

Fed chairman Jerome Powell recently claimed they were "targeting" the "neutral" interest rate. The Fed cannot set or even know that rate, for it doesn't come from government authorities.

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Central Banks Have Broken the True Savings-Lending Relationship

Booms and BustsThe FedMonetary PolicyMoney and BanksBusiness CyclesMoney and Banking

Blog03/28/2022

While the usual characters praise central banks for supposedly bringing economic stability, Dr. Shostak explains that their presence makes things unstable because they break the relationship between saving and lending.

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Will Inflation Turn into Stagflation?

The FedInflationMonetary Policy

Blog02/21/2022

The Fed is, effectively, a car driving at night, very fast, with no headlights. That is a real threat, probably to an unprecedented degree.

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