Attempts at stabilizing the economy distort economic signals and cause economic instability, rather than preventing it.
Media and CultureStrategy
Money and BanksMoney and Banking
As the foundation of the economy weakens, bank lending weakens also. And then money begins to disappear from the banking system.
Ultimately, what matters for the well-being of individuals is not that they are employed as such, but their purchasing power in terms of the goods and services that they earn.
The sooner we stop conflating “technology” with “coin,” the sooner we will have a better understanding of what is and is not sound money.
History of the Austrian School of Economics
Media and CultureSocialismStrategy
Money and BanksTaxes and SpendingMoney and Banking