JOIN OR RENEW TODAY
Rather than increase efficiency and profitability, corporate managers look for easy ways to increase their salaries through leveraged buyouts. And central banks have a key role in making this easier and more common.
Money and BanksMoney and Banking
Expansionary monetary policy causes economic recessions. It doesn't cure them.
The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.
All the sophisticated quantitative methods by themselves can't help us understand the cause-and-effect of what's behind the boom-and-bust cycle.
If a large group of people express an opinion regarding future economic conditions, it does not make it more accurate than the view expressed by any particular individual.
Deflation can never repair the damage of a prior inflation. It would be like running someone over with a car, and then trying to fix the situation by backing up over the person again.
Big GovernmentLegal System
Rulings and regulations that force companies to keep unprofitable businesses operating "for the public good," are really a net loss for the public good.
PovertyWar and Foreign Policy
From gun control, to war, and to the New Deal: Charles Krauthammer took the pro-government, interventionist line.