Does the Friedman’s plucking model refute Mises’s boom-bust cycle theory?
According to an article in Bloomberg on November 5, 2019, Milton Friedman’s plucking theory seems to be vindicated. According to Friedman there appears to…
Read MoreAccording to an article in Bloomberg on November 5, 2019, Milton Friedman’s plucking theory seems to be vindicated. According to Friedman there appears to…
Read MoreEconomists who understand credit cycles expect the current cycle to enter its crisis stage at any moment. Furthermore, it combines with increasing trade tariffs…
Read MoreIt is widely believed that resources that are utilized in normal times to promote economic prosperity become underutilized during recessions. Some experts hold…
Read MoreDespite three Federal Reserve rate cuts, leveraged loan credit quality is rapidly declining Covenant-lite issues now account for more than 80% of US$…
Read MoreThe Japanization of the European Union[1] Introduction The topic of my lecture today is “The Japanization of the European Union.” I…
Read MoreNot too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not…
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