Venezuela Has Hyperinflation. Now What?
The future of Venezuela is grim. International reserves will be depleted, monetary expansion will not pay the deficit, and inflation will continue.
The future of Venezuela is grim. International reserves will be depleted, monetary expansion will not pay the deficit, and inflation will continue.
As the foundation of the economy weakens, bank lending weakens also. And then money begins to disappear from the banking system.
97% of consensus economists didn’t see the last recession the quarter before it started. Even worse, 77% didn’t see a recession when it was already happening!
In this 33-minute talk Joseph Salerno discusses the right way to define inflation, and how it impacts both economic prosperity and culture.
Now untethered from everything except the will of central bankers, international exchange rates are especially prone to manipulation worldwide.
The key factor behind the rate-of-exchange determination is the relative purchasing power of various monies.
In this 18-minute talk, Malavika Nair presents the basics on what money is, its origins, and why it is so central to a modern economy.
Some inequality arises naturally from freedom of choice. Some comes from government meddling. One is good and the other is bad. …
The Fed's policies over the past decade have resulted in a rapidly widening wealth and income inequality.
The traditional interpretation of the effects of Andrew Jackson's opposition to the central bank suffers from faulty economy theory.