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Money and BanksMoney and Banking
The only reason why the illusion that central authorities can grow an economy appears to be real is because of a still expanding pool of real savings.
As far as the currency exchange rate determination is concerned, the essential variable is the relative changes in the purchasing power of various monies.
Recessions grow out of government and central-bank interventions that direct resources away from true wealth generating activities — and toward bubble activities.
Conflating "inflation" with a general rise in prices prevents understanding the true problem with inflation.
Global EconomyGold Standard
A major catalyst behind the collapse of the Bretton Woods system was the loose monetary policies of the US central bank, which pushed the price of gold in the gold market above the official $35 per ounce.
Money and Banking