The Market Economy Has Been Replaced by a “Fiat Economy”
We're now seeing an economic system where both supply and demand depend on government subsidies, handouts, and monetary schemes. This isn't a market economy.
Monetary Policy
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The Social Consequences of Zero Interest Rates
As Japan has shown, ultralow interest rates can greatly affect a society that was once impressively focused on innovation and investment.
Review: Narrative Economics: How Stories Go Viral and Drive Major Economic Events
Brendan Brown reviews "Narrative Economics," which argues that "economic fluctuations are substantially driven by contagion of oversimplified and easily transmitted variants of economic narratives."
Collecting Old Coins Taught Me to Never Trust the Government
Old coins vaccinated me against trusting politicians long before I grew my first scruffy beard. I began collecting coins when I was eight years old in 1965, the year President Lyndon Johnson began removing all the silver from American coins.
A Review of Stephanie Kelton’s The Deficit Myth
The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.
The COVID Crisis Supercharged the War on Cash
The COVID panic gave the world's regimes a new reason to claim that physical cash should be outlawed. But this is just one of many strategies now in play to end the relative privacy and freedom cash provides.
A Review of Stephanie Kelton’s The Deficit Myth
The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.
Savings Are Critical to a Prosperous Economy
The heart of economic growth is the expansion of real savings. Monetary pumping only destroys wealth and savings.
Savings Are Critical to a Prosperous Economy
The heart of economic growth is the expansion of real savings. Monetary pumping only destroys wealth and savings.
Central Bankers Gone Wild: It’s a New Era at the Fed
When people are scared they let the authorities get away with all sorts of nonsense. We're seeing this with the Federal Reserve right now.
