Money and BanksMoney and Banking
Central bankers are claiming that a global savings glut is driving down the "natural" interest rate to negative levels. They're wrong.
What exchanges take place, and which do not, is affected by how markets are regulated. Black markets and regulated markets have different outcomes than free markets.
Protectionism and Free Trade
Today's tariff policy relies on the fanciful idea that politicians can pull the right levers to make the economy more efficient or more just. As always, the idea is based on fantasy.
The FedMoney and BanksMoney and Banking
The movement for alternative money is the result of the history of government monetary mismanagement.
The tactics used by central banks don't just create bubbles or drive up prices. They actively destroy value and act as a tax on real producers in the economy.
Trump seems to want a smaller trade deficit, and increased net capital flows into the U.S. at the same time. But he can’t have both.
Beyond the issue of guns itself, there is another basic fallacy whenever there is a discussion over political solutions to a particular problem — a narrow focus on federal action.
At this point mal-investments and false market signals have been accumulating for many years. The effects can be seen not necessarily in a future "crash" but also in our current weak and declining levels of economic growth.