After a dramatic couple of days in the markets, economists and political figures are calling for the Fed to cut interest rates. But if we ever want to see an end to all this economic chaos, what we need are not lower rates or higher rates, but accurate interest rates.
Even if we were to agree with the MMT advocates that MMT allows the economy to easily shift from privately-produced to government-produced goods and services, we still ask why people should be forced to purchase inferior goods.
Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.
The student loan program not only is saddling young people with huge debts, but it also encourages colleges and universities to charge higher tuition. When President Obama nationalized the program, it was supposed to end students indebtedness, not increase it.
Elites portray CBDC currency as a helpful high-tech alternative to cash and current electronic money. But CBDCs are really little more than a tool for total state control of the economy.
Who Needs the Fed? Tom DiLorenzo talks to Shaun Thompson about fiscal illusion and the failure of the Federal Reserve.
Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose monetary policies by the Federal Reserve.
Economics textbooks describe monetary policy as though it were administered by experts who know how to fix problems in the economy. In truth, there is no such thing as “monetary policy”; what we have is the Federal Reserve engaging in wealth transfers.
Responding to economist Juan Ramón Rallo's critique of Ludwig von Mises's The Theory of Money and Credit in Una crítica a la teoría monetaria de Mises, Bagus demonstrates that Mises's supposed errors are not errors at all.
