In the Soviet Union, any significant goods had two price tags: one real and another virtual. One was the actual black-market price. The other was the "official" government price.
The demand for loans among consumers and business owners is rising. And that could lead to a flood of new money into the economy. But the Fed is (rightly) afraid of where this might lead.
History of the Austrian School of EconomicsMoney and BankingProduction Theory
Big GovernmentU.S. HistoryMonopoly and Competition
There is almost no economic problem, real or imagined, that cannot be made worse by inappropriate government regulation. Antitrust is no exception.
Money and BanksMoney and BankingOther Schools of Thought
The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.
Money and BanksMoney and Banking
The central bank can try to manipulate the interest rate to whatever level it desires. However, it cannot exercise control over the underlying interest rates as dictated by people’s time preferences.
Business CyclesHistory of the Austrian School of EconomicsMonetary TheoryOther Schools of Thought