Booms and BustsBusiness Cycles
"Higher order" industries like manufacturing and mining are particularly sensitive to changes in interest rates. And it doesn't look like anything's different this time around.
Money and BanksMoney and Banking
The Bank of England apparently wants to incorporate blockchain technology and cryptocurrencies into the central bankers’ tool kit.
Protectionism and Free Trade
Why attack the most vulnerable in our society, who benefit enormously from inexpensive imported retail goods?
The Federal Reserve is not politically independent — and it never was.
The Labour Party wants the Bank of England to actively promote certain industries over others, not realizing that the Bank has already been doing this indirectly for decades.
Booms and BustsMoney and Banking
As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.
Booms and BustsTaxes and Spending
The Social Security and Medicare trust funds will both soon be bankrupt, putting additional strains on the federal budget and American taxpayers.
Perhaps no lesson from history better illustrates the dangers of credit expansion-fuelled business cycles than the story of the imaginary country of Poyais.