What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.
While officials in the White House, Treasury, and the Fed give the appearance of being in control, but in truth, they cannot undo the damage they have done.
Why does money have value? Typical economists claim that money is valuable because the government declares it so. But that is impossible, given the true origins of money, which are best explained by Austrian economists.
Post-Keynesians believe that capitalism is internally unstable, leading to necessary intervention by the central bank. Austrians see that as backward reasoning, as policies by the central bank to create credit from nothing is the problem
Instead of worrying about which documents Donald Trump may or may not have had in his Florida home, the real issue is the proliferation of state secrets that should not be secrets at all.
The standard Keynesian play is to increase government spending in order to reduce unemployment and increase economic growth. Here's why it consistently fails.
