Austrian Economics OverviewCapital and Interest Theory
Money and BanksMoney and Banking
The consequences of counterfeiting are the same regardless of who does it. The counterfeiters are exchanging nothing for something — thus stealing from those who create real value.
In the short term, a central bank can drive up stock prices by lowering the interest rate. In the longer term, it could sap the strength out of an economy.
Booms and BustsFinancial MarketsMoney and Banks
Using Japan as a model, governments are steering us toward a worldwide zombie economy — but we're likely to end up with something that looks more like Argentina than Japan.
Capitalism isn't just about rich guys owning the means of production. It's about workers and everyday people also owning their own labor and their own bodies.