While the usual characters praise central banks for supposedly bringing economic stability, Dr. Shostak explains that their presence makes things unstable because they break the relationship between saving and lending.
Today, we see Russian athletes, artists, and musicians punished because of their government's invasion of Ukraine. The last time Russia invaded another country, President Jimmy Carter decided to punish American Olympic athletes.
When there is increased money coming into an economy from somewhere, the first recipients benefit. They spend it according to their preferences and benefit from the new money, while others who only face higher prices are hurt.
Antiracist training involves confessing one’s thought crimes, reporting on friends for "wrong ideas," and other "reeducation" methods familiar to the Stalinists of old.
Is China's property bubble signaling a crisis? The current property market turmoil originates in regulatory action to reduce financial leverage and it may not lead to a full-fledged financial meltdown.
Keynesian orthodoxy claims government can successfully counter recession through "expansionary" policies. To the contrary, these policies increase the danger to the economy.
Prime Minister Justin Trudeau's heavy-handed crackdown on the protesting truckers and their supporters has exposed a larger agenda of illiberalism by Western governments.
Canada is now freezing the assets of people who dare to protest government power. When the government controls the money and the financial system, human rights mean very little.
