In the short term, a central bank can drive up stock prices by lowering the interest rate. In the longer term, it could sap the strength out of an economy.
Booms and BustsFinancial MarketsMoney and Banks
Using Japan as a model, governments are steering us toward a worldwide zombie economy — but we're likely to end up with something that looks more like Argentina than Japan.
Capitalism isn't just about rich guys owning the means of production. It's about workers and everyday people also owning their own labor and their own bodies.
Capital and Interest Theory
While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital.
Money and BanksMoney and Banking
Expansionary monetary policy causes economic recessions. It doesn't cure them.
Decentralization and Secession
"Free private cities" are similar to microstates but are based on the idea of explicit contractual agreements between residents and the city government. How would these entities function?
Cronyism and CorporatismGlobal EconomyMoney and Banking
Existing political tensions within the EU are certain to escalate as the EU falls behind in global economic power, and Brussels, hooked on profligacy, for the first time faces budget cuts.
Political TheoryValue and Exchange
Being resentful about a business transaction after the fact isn't the same thing as being exploited or abused.