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PricesValue and Exchange
Values of goods are not static things that can be used for central planning. Values apply only to a particular transaction at a particular place and at a given time by human beings.
Money and BanksMoney and Banking
Judy Shelton may be a tolerable—at least to Republicans—candidate for the Federal Reserve Board of Governors.
Booms and BustsMoney and Banks
In order to remove the threat of secular stagnation what is required is to shrink government outlays and to close all the loopholes for the creation of money out of thin air.
Money and BanksCapital and Interest TheoryMoney and BankingOther Schools of Thought
The demand for goods is not constrained by the amount of money, but by the production of goods and services available to trade for money.
Monetary TheoryMoney and BankingValue and Exchange
Contrary to the popular way of thinking, setting in motion a consumption unbacked by production through monetary pumping will only stifle economic growth.
Big GovernmentThe Police State
A universal basic income can easily be weaponized as a tool to punish "antisocial" behavior such as holding "unacceptable" political views or otherwise engaging in what the state doesn't like.
Booms and BustsMoney and BanksBusiness Cycles
Even if the central bank policymakers could implement policies without error, Milton Friedman’s and Robert Lucas’s monetary schemes could not secure stable economic growth.