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Money and Banks
As Japan did, the eurozone is betting all on government spending, stimulus packages, and massive debt monetization. In other words, there is no real economic recovery in sight.
Petrou's new book on monetary policy details how the Fed's turn toward QE and ultralow interest rates have done wonders for billionaires while impoverishing millions of ordinary people.
MMT is a pseudoreligious conviction that anything is possible and that the one and only solution is always Glorious Government.
Booms and Busts
The Fed is dumping cash into Fannie and Freddie which is helping investors buy up more trailer parks.
All goods and services are scarce, and government intervention has never changed this reality. The scarcity of water is nothing new, nor is it an impossible conundrum for markets.
Big GovernmentCentral BanksDecentralization and SecessionThe FedGlobal EconomyInflationUnemploymentInterventionismPolitical Theory
Millions of Americans have no conception of economics, and simply don’t believe tradeoffs exist.
Wilhelm von Humboldt ’s opposition to the reactionary policies of his government gained him as much ill-will at court as it did popularity among the people.
The Fed’s apparent plan to somehow get to full employment and then deal with inflation sounds nice, but reality could easily derail the plan. Meanwhile, job growth is low and prices are rising.