High Prices Don’t Cause Economic Bubbles
Bubbles aren't created by price increases. They're created by central-bank induced misallocation of resources.
Money and Banks
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Minouche Shafik: Apologist for the Experts
The global bureaucrats are noticing that the masses are becoming disillusioned with "the experts." And they feel the need to combat the trend.
Which is Worse — A Trade Surplus or a Trade Deficit?
Unlike commodity money, fiat currencies allow persistent trade imbalances which cause grave discrepancies in income, consumption, and investment.
Debt Isn’t a Problem — Easy-Money Policies Are the Problem
Debt can be a big factor in economic busts. But, the problem isn't debt. The problem is the easy-money policies behind the debt.
The “New Normal” of Ultra-Low Interest Rates
After nine years of unwarranted and irrational monetary policy, some people are taking the current monetary regime as normal and natural.
“Real Wealth” vs. the Boom-Bust Cycle
In a boom-bust economy, there is real wealth, and there is bubble wealth. Economic busts are a "cleansing mechanism" that clears out the bubble wealth.
What Will Trump Do About the Central-Bank Cartel?
The Federal Reserve is centralizing and cartelizing central-bank policy worldwide. Will Trump move to end these moves toward one global central bank?
Price Controls and Propaganda
For central banks, manipulating public perceptions of the economy is just as critical an issue as manipulating interest rates and the money supply.
How Trump Could Win the Currency War
If Trump wants to end the foreign currency manipulation he condemns, he can begin by ending the use of "non-standard" monetary tools in the US.
Money Supply Growth Moderated in December
Money-supply growth hit a 46-year high in October, but had moderated significantly by December, according to the most recent money-supply data.
