Why do yield-curve inversions so often suggest a recession is on the horizon? Understanding malinvestment and bubble economics can help.
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"Climate justice" would bring with it mass unemployment and major economic distress. Activists ignore the true costs, while discounting market solutions.
Bureaucracy and Regulation
In a city with rapidly rising housing needs, there is really only one way to keep housing prices stable or falling: produce a lot of housing.
Money and Banks
To cause a truly disastrous boom and bust with far-fetching real consequences, you need to control the money supply.
James Grant's new book Bagehot: The Life and Times of the Greatest Victorian, reveals there we can still learn a lot from the world that existed before our modern era of central banking.