Money and Banks

Displaying 1 - 10 of 1728

Purchasing Power and the Exchange Rate

Money and BanksMoney and Banking

Blog10/18/2018

The key factor behind the rate-of-exchange determination is the relative purchasing power of various monies.

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Yes, Inequality Is a Problem — When Caused by the Government

Money and BanksTaxes and Spending

Blog10/12/2018

Some inequality arises naturally from freedom of choice. Some comes from government meddling. One is good and the other is bad. …

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The Fed's Easy-Money Policies Aren't Helping Income Growth

Money and BanksMoney and Banking

Blog10/09/2018

The Fed's policies over the past decade have resulted in a rapidly widening wealth and income inequality.

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Can Seasonal Adjustments Help Us Understand the Economy?

Money and BanksMoney and Banking

Blog10/06/2018

All the sophisticated quantitative methods by themselves can't help us understand the cause-and-effect of what's behind the boom-and-bust cycle.    

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China's Yuan Devaluation Is a Big Mistake

Global EconomyMoney and BanksMoney and Banking

Blog09/29/2018

China’s stealth devaluation is not making the country more competitive, it is making household and corporate debt riskier as the purchasing power of the yuan is diminished.

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The Fed Is Flying Blind

Money and BanksMoney and Banking

Blog09/27/2018

In its blind search for the "correct" interest-rate policy, the Fed can't succeed in extending the boom indefinitely.

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GDP Growth Is Not the Same Thing as Real Economic Growth

Money and BanksMoney and Banking

Blog09/25/2018

A strong GDP growth rate, in most cases, is likely to be associated with the intensive squandering of the pool of real wealth.

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Why No Crisis Erupts When Real Saving Backs Up New Investment

Money and BanksMoney and Banking

Blog09/24/2018

Expansions in credit and investment are only a problem when they result from inflationary monetary policy, and not from real saving.

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Bernie Sanders Might Learn Something from Venezuela's Minimum Wage Experiment

Bureaucracy and RegulationMoney and BanksMoney and Banking

Blog09/24/2018

Rothbard: "if proponents of the higher minimum wage were simply wrongheaded people of good will, they would not stop at $3 or $4 an hour, but indeed would pursue their dimwit logic into the stratosphere."

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Central Planning Failed in the USSR, but Central Banks Have Revived It

Money and BanksMoney and Banking

Blog09/19/2018

When I left Soviet Russia in 1991, I thought I would never see a command-and-control economy again. I was wrong. Over the past decade the global economy has started to resemble one.

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