"The main thing is that the government should no longer be in a position to increase the quantity of money in circulation and the amount of checkbook money not fully — that is, 100 percent — covered by deposits paid in by the public."
It is easy to blame weakening global markets on Trump, but it would be dangerous to believe that's the real cause of the slowdown.
The Venezuelan central bank helped the regime destroy the middle class's wealth for many years.
It's government — not markets — that intervene to "stimulate" ever greater amounts of spending and consumption. A healthy market economy, meanwhile, relies on both saving and spending.
100 years ago, coordination among central banks was engineered to speed up the renunciation of the gold standard, and greatly enlarge the freedom of all central banks to inflate money supplies.
Argentina has all the ingredients to be a global leading economy, but current policy makes the country a promise that always disappoints.
There is no such a thing as insufficient demand as such. An individual’s demand is constrained by his or her ability to produce goods.
Hayek was right when he said if we want to maintain a free society, we have to take the money monopoly away from the government.
The stage has been set for a global credit crisis. And the Eurozone is a time-bomb waiting to happen.
Jeff Deist and Stephan Livera discuss money in an era of crazed monetary policy.
