The fact that the most conservative investors are being forced to purchase bonds of nearly bankrupt companies for virtually no yield is not a success of monetary policy nor a tool for growth.
As prices have risen, domestic demand for steel has fallen, meaning steel producers are laying off workers as consumers pay more.
People buy things that reflect their value systems — values learned in homes and other non-market institutions. Meanwhile, markets don't force anyone to buy anything.
People use the marketplace to deliver what others need and want. Environmentalism, on the other hand, is built around denying human needs.
In June, year-over-year growth in the money supply was at 1.98 percent. That was down slightly from May's rate of 2.10 percent, and was well down from June 2018's rate of 4.30 percent.
Rather than pay his campaign workers more out of his personal wealth, Bernie Sanders is cutting employee hours and scaling back campaign events — thus illustrating how minimum wage hikes are a problem for workers.
For centuries, entrepreneurial talents in China were diverted to military wars, political struggles, and government services. But now things are changing.
Even if business people learn to expect easy-money caused bubbles and busts — this would still not prevent the formation of a boom-bust cycle.
“A billion here, a billion there, pretty soon you’re talking about real money.”
Conservatives appear to be increasingly in favor of using the power of the state to force their agenda. But what happens when the state they favor is turned against them?
