Here’s the True Definition of a Recession — It’s Not About GDP
Recessions are the liquidation of a boom that sprang up thanks to a previous period of loose monetary policy.
Money and Banks
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Why Wage Growth Is So Weak
As central banks enable the creation of money out of thin air, wealth creation has suffered, as has worker productivity.
Can Japan End its Easy-Money Addiction?
Shinzo Abe's party has recently suffered some stunning electoral defeats. But that doesn't mean "Abenomics" and its easy-money policies are over.
The Part-Time Critics of Central Banks
The central bank critics today who were not critics of the great bailouts and stimulus have reserved their criticisms for what hurts their interests.
Today Janet Yellen Explained (Yet Again) Why Interest Rates Should Stay Low
Today, Janet Yellen struck a dovish tone with Congress, saying that the Fed's target interest rate is not really that low after all.
The Bernanke-Yellen Bubble-Depression
The next economic crisis will be directly tied to the last economic crisis and the policies the Fed used to “solve” it. As such, it should be called the Bernanke-Yellen Crisis.
Why Did Ukraine Nationalize its Largest Private Bank?
The central bank's expropriation of PrivatBank leaves many unanswered questions.
Does a Falling Money Supply Cause Recessions?
A falling money supply is not the cause of economic contractions. It is usually just a symptom of a larger problem resulting from money-creation out of thin air.
Money, Keynes, and History
Though the descent of Keynesian doctrine from intellectual respectability can be denied no longer, it still gravely threatens sensible monetary policy.
Testosterone and the Madness of Central Bankers
People really do experience a type of high when experiencing windfall profits. Does this play a role in central-bank-induced booms and busts?
