Stanley Fischer Is Out at the Fed
Many claimed that Fischer was an inflation hawk, but he was really a cheerleader for quadrupling of the Fed’s balance sheet and more.
Money and Banks
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Does Government Spending Create More Economic Growth?
A cut in government outlays is great news for wealth generators and to the economy.
What Is the Liquidity Trap?
"Too little spending" does not cause recessions. On the contrary, too much spending spurred by central bank meddling is what leads to booms and busts.
Austrian Monetary Theory vs. Federal Reserve Inflation Targeting
When a central bank sets a two-percent price inflation target as a guide for monetary policy, it is targeting an arbitrary construction of economic statisticians.
A Tale of Two “Deflationary” Booms — The Gilded Age vs. Today
Today's easy-money-fueled economic "boom" doesn't compare well to booms of the past.
Why Cryptocurrencies Will Never Be Safe Havens
Cryptocurrencies are an important step in the right direction. But thinking that we are magically creating new stores-of-value is a profound mistake.
The Rise of Zombie Companies — And Why It Matters
A zombie company merely survives thanks to the constant refinancing of its debt. Thanks to central banks, their numbers are alarmingly large.
Can Switzerland Survive Today’s Assault on Cash and Sound Money?
The Swiss love of privacy and sound economics has endured for centuries. But global trends continue to chip away at these venerable traditions.
China: A Keynesian Monster
The the Chinese economy is a Keynesian jobs project of outrageous scale.
Is Money Created by Government Decree?
Today’s demand for money is determined by yesterday’s purchasing power of money.
