U.S. Economy

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John P. Cochran

This week’s quote(s) highlights why an explanation of a general boom-bust pattern of economic must be a monetary theory of the trade cycle.

David Howden

As we review the Fed’s operations in 2012 we see the usual outcomes. The banking sector has benefited from its operations (unusually so, thanks to the
    continued interest on reserve policy) and the government has received a free lunch by having a ready buyer for its ever-increasing debt.

John P. Cochran

If sanctity of contracts should rule in the world of private debt, shouldn’t they be equally as sacrosanct in public debt? The answer is no.

Joseph T. Salerno

As if any more evidence were needed (se

Robert Higgs

Given a choice, the people victimized by government “services” would be willing to pay to be rid of them.