In recent decades, the tech sector has brought us newer and better goods and ever-dropping prices. In an unhampered market, the same would happen across the entire economy. But, the Fed won't allow this to happen.
In this lecture from last week's Sound Money seminar at the Mises Institute, Jonathan Newman explains the basics of how the central bank's distortion of interest rates and the money supply brings booms and busts.
At his new blog, Ben Bernanke is coming up with new excuses as to why the current recovery is so weak and why mega-low interest rates — and thus a lack of options for middle-income savers seeking interest income — aren't his fault.
"Sound money and free banking are not impossible; they are merely illegal," Hans Sennholz wrote. Today, the barriers to competition in money and free-market banking are numerous, but even a few non-radical changes could open up a new world of options and competition for bankers and consumers.
Recorded at the Mises Institute in Auburn, Alabama, on 10 April 2014. Includes an introduction by Mark Thornton.
Recorded at the Mises Institute in Auburn, Alabama, on 10 April 2014. Includes an introduction by Jeff Deist.
As the money supply fluctuates, so does the demand for money and for goods and services. We see this in the stock market, but the effect is not instantaneous, and we must be mindful of the time delay.
We’re now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of t
