Taxes and SpendingU.S. History
The Hamiltonians foisted a central bank on the people of the United States at the first opportunity. But Thomas Paine wasn't fooled.
Cronyism and CorporatismFinancial MarketsMoney and Banks
Not surprisingly, policies adopted by central bankers often serve the interests of the central banks themselves.
Contrary to popular thinking, the velocity of money is not a key factor in understanding price inflation.
Money and BanksMoney and Banking
Even if the Fed were to know the level of the neutral rate it could not achieve economic stability.
Peshut concludes that claims that the corporate debt bubble is about to pop are premature and the more likely scenario is that the bubble bursts in 2021 or 2022.
The idea that money must grow in order to sustain economic growth gives the impression that money somehow sustains economic activity. But this has never been true.
Calculation and KnowledgeOther Schools of Thought
Behavioral economics claims it has shown that people behave irrationally — often make mistakes, and have problems with self-control. But is this really irrational behavior?
Other Schools of ThoughtValue and Exchange
Unlike a moralistic schoolmarm or a government, markets do not punish or tax anyone. They merely reflect the choices we make and the values we hold.