Not only does fractional-reserve banking gives rise to monetary inflation it is also responsible for monetary deflation. Money created out of "thin air" can disappear as rapidly as it was created.
I offer my own definition of government: Government is that great fiction, through which everybody endeavors to live at the expense of everybody else.
Robots are not fundamentally different from other labor-saving innovations, and there's no reason to believe increased innovation will lead to mass unemployment or mass poverty.
In a city with rapidly rising housing needs, there is really only one way to keep housing prices stable or falling: produce a lot of housing.
What makes restitution work well in Japan is that private individuals and groups are much more responsible for controlling crime.
In Canada, it is estimated that between 25,456 and 63,090 Canadian women may have died as a result of increased wait times between 1993 and 2009.
Rent controls are a recipe for less housing, and unaffordable rents. At least for most people.
James Grant's new book Bagehot: The Life and Times of the Greatest Victorian, reveals there we can still learn a lot from the world that existed before our modern era of central banking.
The money supply growth rate fell in August, dropping to a 150-month low. To find a lower growth rate, we need to go back to August 2007, when the rate was 1.59 percent.
To cause a truly disastrous boom and bust with far-fetching real consequences, you need to control the money supply.
