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 and Banks
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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?
Why Civilization Needs Money
Our civilization is inseparably linked with our methods of economic calculation.
Beware the Predictions of “Experts” Like Janet Yellen
Alarm bells should go off when an economist, central banker or government official declares there’s no danger of economic turmoil in the near future.
Beware the Predictions of “Experts” Like Janet Yellen
Alarm bells go off when an economist, central banker or government official declares there’s no danger of economic turmoil in the near future.
The Death of the European Banking Union
The Italian banking crisis has managed to kill the new European Banking Union almost as soon as it was begun.
Yellen Imitates Bernanke and Greenspan with Declaration that Economy is A-OK
Yellen has announced that the economy is safe in our lifetimes. She follows in the footsteps of two great Fed Chair prognosticators.
No, Mark Carney, Brexit Didn’t Cause Inflation — You Did
Bank of England governor Mark Carney maintains that Brexit has caused a devaluation of the pound. A more likely cause of this is the BofE itself.
Myths Behind the War on Cash
The social advantages of eliminating physical cash are minimal, and economists tend to ignore the many costs that a cash ban would create.
