Given the loose standards and high default rates that plague the student loan machine, the federal government might as well just be handing out credit cards so everyone can buy more stuff with subsidized loans.
Booms and BustsFinancial MarketsU.S. History
The most characteristic feature of post-WWII business cycles is that they have originated in deliberately inflationary policies directed by central banks.
Capital and Interest TheoryPhilosophy and MethodologyPrivate Property
The fallacy that labor-saving machines create technological unemployment has not only been disproved by theory but also by the whole history of mankind.
Government policies designed to encourage you — or force you — to "buy local" reduce our standard of living while encouraging class conflict.
Free MarketsHistory of the Austrian School of EconomicsPraxeologySubjectivism
Taxes and Spending
The passage of an income tax in the early twentieth century in America was an enormous shift toward a far more centralized and powerful state.
A "neutral" interest rate cannot be observed through any statistical test or public policy. But central bankers are sure they can find it and use it to endlessly tinker with the economy.
If central banks had all respected a 1-2% floor to interest rates through the last decade how would economic recovery have taken place and what would have been the nature of the expansion?