Money and BanksMoney and Banking
Central bankers are claiming that a global savings glut is driving down the "natural" interest rate to negative levels. They're wrong.
Central Banks now have an alphabet soup of policy tools. But it's all radlly just more of the same — that is, inflationary easy-money monetary policy.
Capital and Interest Theory
Booms and BustsFree MarketsGlobal EconomyWorld HistoryInterventionism
Big GovernmentLegal SystemStrategy
What exchanges take place, and which do not, is affected by how markets are regulated. Black markets and regulated markets have different outcomes than free markets.
Protectionism and Free Trade
Today's tariff policy relies on the fanciful idea that politicians can pull the right levers to make the economy more efficient or more just. As always, the idea is based on fantasy.