Cronyism and CorporatismFinancial MarketsMoney and Banks
Not surprisingly, policies adopted by central bankers often serve the interests of the central banks themselves.
The ticket to the UN’s ideal of decent work is not regulation and legislation, but economic liberalization.
Contrary to popular thinking, the velocity of money is not a key factor in understanding price inflation.
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Money and BanksMoney and Banking
Even if the Fed were to know the level of the neutral rate it could not achieve economic stability.
Peshut concludes that claims that the corporate debt bubble is about to pop are premature and the more likely scenario is that the bubble bursts in 2021 or 2022.
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.