The ECB’s Quantitative Easing Was a Failure — Here Is What It Actually Did
The biggest “success” of the ECB has been the massive bailout of governments at the expense of savers.
Money and Banks
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The Monetary Base Never Returned to “Normal” After the Great Recession
M1 and the monetary base are almost equal at this time, but this is unprecedented in modern monetary history, as usually the monetary base is a fraction of M1.
The ECB Creates Jobs for Central Bankers Instead of Safeguarding Financial Stability
Not surprisingly, policies adopted by central bankers often serve the interests of the central banks themselves.
Richard Cantillon, the Most Important Economist You’ve Never Heard Of
Our inflationary financial system benefits the wealthy at the expense of the poor.
Carmen Dorobăț: A Young Scholar on Mises’s Legacy and Impact
Jeff Deist and Carmen Dorobăț discuss how Ludwig von Mises's work and legacy have paved the way for an entire generation of younger scholars.
Keynesianism and World Inflation
Keynes believed that all economic problems could be overcome with global inflation. This would bring about a new utopian age in which only social and scientific problems would remain.
The Myth of the Neutral Interest Rate
Even if the Fed were to know the level of the neutral rate it could not achieve economic stability.
A History of Venezuelan Inflation
The Bolívar’s collapse is rather tragic, considering the Bolívar was actually one of Latin Americas’ strongest currencies during Venezuela’s peak from the 1950s to 1970s.
The Eurozone Banks’ Trillion-Euro Time Bomb
Eurozone banks are better off than they were three years ago. But they are nowhere close to having solved their challenges.
The Edict of Diocletian: A Case Study in Price Controls and Inflation
Emperor Diocletian attempt to fix Roman inflation with price controls. His plan failed just as it would have if tried today.
