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Booms and BustsMoney and Banks
Even if the central bank were to be successful in preventing the fall of the money stock, this would not be able to prevent a depression if the pool of real savings is declining.
War and Foreign Policy
“What is the one thing that brings Republicans and Democrats together?” Rand Paul asked reporters. “War—they love it."
Monetary PolicyWorld History
The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.
An economic depression is not caused by the collapse of the money stock, but rather by the collapse of the pool of real savings. This is set in motion by previous monetary pumping.
Booms and BustsMonetary Policy
What matters is not whether the emergence of a bubble is associated with price rises but rather the fact that the emergence of a bubble gives rise to nonproductive bubble activities.
Doing what we can to help narrow Section 230 immunities back to a free speech interpretation could solve this while actually reducing government involvement in speech.
Changes in money supply and liquidity are not the same thing.
Taxes and SpendingWar and Foreign Policy
The F-35 Joint Strike Fighter program is not worthy of a massive investment by the taxpayer—especially since the program doesn't make Americans any safer.