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Global EconomyBusiness Cycles
If the debt burden is large enough, at some point, even a 0.1% interest rate becomes unaffordable.
Money and BanksMoney and Banking
U.S. EconomyPolitical Theory
Taxes and SpendingPolitical Theory
World HistoryPhilosophy and MethodologyPolitical Theory
One of the most important things we can do is explain how markets, and not government intervention, are our best hope for a prosperous society.
The FedMoney and BanksMoney and Banking
The Fed says it can use a "neutral interest rate" to set policy. But, Fed economists don't understand how the neutral rate works.
Monetary TheoryMoney and Banking
Today's paper money does not have value due to some government decree. It's value as money is based on a past connection to commodity money.
Money and Banks
When it comes to understanding how money works, recent attempts to re-define money to fit new economics models miss the point.