Government policy encourages homeless people to congregate in public areas twice over: first, cities destroy access to very-low-cost housing. Second, city governments often refuse to enforce their own rules of public-space use. Tent cities result.
The gold price is heading up at the moment, but we can still learn a lot from three big collapses in the gold price which occurred after 1934.
The ECB isn't stopping with government bonds. It will end the current monetary experiment with widespread intervention in corporate debt and all aspects of the market, further destroying what freedom still exists in debt markets.
In the Soviet Union, any significant goods had two price tags: one real and another virtual. One was the actual black-market price. The other was the "official" government price.
Modern Monetary Theory is the new thing among progressives. But it's been tried by many others, including the Roman dictators who ruined the Roman economy and had Rome falling apart before the barbarian invasions.
Oberlin College faculty openly encouraged and assisted students in destroying the property and livelihood of employees and owners at Gibson's Market. The college claimed this was "freedom of speech." A jury disagreed.
Money supply growth inched up in May, rising slightly above March's and April's growth levels. But overall growth levels remain quite low compared to growth rates experienced from 2009 to 2016. March's growth rate, for examples, was at a 12-year (145-month) low.
There is almost no economic problem, real or imagined, that cannot be made worse by inappropriate government regulation. Antitrust is no exception.
The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.
The central bank can try to manipulate the interest rate to whatever level it desires. However, it cannot exercise control over the underlying interest rates as dictated by people’s time preferences.
