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Money and BanksMoney and Banking
Joseph Salerno discusses the Hoppean method of addressing economic controversies.
Given the Fed has never spotted a bubble in real time, why should anyone believe we aren't in one right now?
Though rent control is sold as a policy that is intended to help the poor, it has induced homelessness among the poor and lower middle classes.
Markets respond with price changes to eliminate money surpluses and money deficits.
Recessions emerge when the central bank reverses its loose monetary stance. But the seeds of recession were sown earlier by private lending practices that grew out of central-bank money creation.
Bureaucracy and RegulationPricesValue and Exchange
The unintended consequences of government regulation lead to even more government coercion.
It is not possible to generate something out of nothing as suggested by Keynes and his many followers.
It's true that the Fed doesn't directly set a target for money creation. But by setting interest-rate targets, the Fed adopts a de facto policy of money creation.