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Money and Banks
A general decline in prices is good news for wealth generators, since deflation means the economy is cleaning out its bubble-fueled, wealth-destroying activities.
Powell repeatedly emphasized that the Fed must remain flexible about monetary tightening. Translation: we don't know what's happening and we're likely to reverse course at any time.
The Federal Reserve is aware of the “bubble of everything” created in recent years and the elevated levels of debt throughout the economy. But any tightening is likely to trigger a recession.
Academia not only generated this cultural revolution but was the site first ravaged by it. Higher education is long gone, and Peterson’s retirement from it is somewhat anticlimactic.
Today, it’s easy for socialists to point to the Interstate Highway System and exclaim, "Look at what we socialists did to facilitate transportation." They're careful to always ignore the unseen downside.
Book ReviewsU.S. History
The reality is the primary quality of an entrepreneur can’t be taught: the stomach to risk everything and keep wanting more.
Book ReviewsMoney and Banks
Bob Murphy provides the “intelligent layperson a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States.”
The Marxist "treadmill of production" theory holds that markets cannot grow without creating environmental catastrophes. Here's why they're wrong.