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Zombie companies spawned by ultralow interest rates are not merely inefficient. They truly make us poorer.
InflationCapital and Interest Theory
Negative interest rates lead to zombie firms, rampant consumerism, and growing obstacles to entrepreneurship.
Global EconomyLabor and Wages
So far, the United States is leading Europe in employment improvement, but the full recovery is extremely far away.
It does not bode well for our society when proposals to simply expropriate property are becoming more and more prevalent and discussed with more seriousness.
Central BanksFinancial MarketsMoney and Banking
It is often claimed that inflation reduces the true burden of debt. This is true for existing debt, but those who advocate it as a remedy for government indebtedness fail to understand that it also increases the cost of the government’s future debt.
Populists need a status quo to oppose, but now Trump stands as the incumbent.
Will you help the Mises Institute build this new school of graduate economics today?
Trump's executive order providing a short deferment on payroll taxes is not really a tax cut. But many voters may perceive it as one.