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Government restrictions on production are driving prices up as unemployment drives them down. It's impossible to say now whether price inflation or price deflation will be the predominant factor in the crisis's next phase.
Booms and BustsMonetary Policy
It is fundamentally wrong to put the entire economy at the service of a single goal and to commit to a single solution. Human action always involves weighing up different goals and different means.
InflationOther Schools of Thought
Central bankers think too much saving is a problem that must be solved with more money creation. But the real problem is the Keynesian-style fractional reserve banking system.
Money and BanksMoney and Banking
Monetary affairs have always been subject to government intervention of one kind or another, but there is no reason money could not be produced and regulated in a free marketplace.
Why do yield-curve inversions so often suggest a recession is on the horizon? Understanding malinvestment and bubble economics can help.
Financial MarketsGlobal EconomyMoney and Banks
Since Libra is an extended arm of the current financial system, first-world economies could benefit at the cost of developing economies.
Free MarketsSocialismOther Schools of Thought
Socialism and capitalism offer radically different solutions to the problem posed by scarcity.
Austrian Economics OverviewHistory of the Austrian School of EconomicsPhilosophy and Methodology
A sober look at the assumptions underlying neoclassical analysis reveals that they are either not realistic or not applicable in economic analyses of the real world.