Money and BanksMoney and Banking
Mises declared in 1951: “No boom is possible without credit expansion... the boom which causes the following depression could not occur if the banks did not expand credit."
Financial MarketsMoney and BanksMoney and Banking
Contrary to popular thinking, the velocity of money does not have a life of its own.
Big GovernmentThe Police StateWar and Foreign PolicyPolitical Theory
Big GovernmentMedia and CultureWorld History
In April, year-over-year growth in the money supply was at 1.99 percent. That was up slightly from March's growth rate of 1.92 percent, but was well down from April 2018's rate of 4.32 percent.
MMT is presently one of the most dangerous economic ideas out there, and should consequently attract our utmost attention.
Protectionism and Free Trade
Government injection of funds into trade finance prevents interest rates to rise, deepening malinvestments and precluding the readjustment of international trade after a crisis.