Is There an Optimum Growth Rate of Money?
Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.
Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.
As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge.
After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat.
After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat.
Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.
Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.
Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets.
A generation ago, the Berlin Wall fell and the USSR collapsed. Today, US monetary authorities are bringing down our own country.
A generation ago, the Berlin Wall fell and the USSR collapsed. Today, US monetary authorities are bringing down our own country.
After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat.