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.
Money and Banks
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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.
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.
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.
