If central banks had all respected a 1-2% floor to interest rates through the last decade how would economic recovery have taken place and what would have been the nature of the expansion?
SocialismCalculation and Knowledge
Capital and Interest Theory
The importance of the division of labor hardly can be exaggerated, and it is also key in understanding the process of capital creation.
Tuesday night, Donald Trump claimed that Americans have always been free and "will stay free" of "government coercion." The U.S. regime's many victims would probably beg to differ.
History never quite repeats itself, but we can look for echoes of depressions from the 1920 and 1930s. Indeed, our current bubble shares some characteristics with bubbles of the past.
This new study should give pause to all federal policy makers striving for even greater government control over healthcare, but it won’t.
Money and BanksMoney and Banking
M1 and the monetary base are almost equal at this time, but this is unprecedented in modern monetary history, as usually the monetary base is a fraction of M1.