Why the present monetary system is heading for a breakdown
Most economists hold that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money,…
Read MoreSaturn Devours His Children
A recent Wall St Journal article gave vent to a scare-story full of Underconsumptionist claptrap, carried under the catchy headline: “The Coronavirus Savings Glut”….
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The Chain Reaction Is Now In Process
Much has been written about the economic consequences of Covid-19, yet, just as in many of the analyses of the Great Depression and the…
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After the flood – Beyond fiscal and monetary intervention
Monetary and fiscal stimulus to ameliorate the effect of the pandemic has exceeded $9trln Stock markets have recovered, although most are below their…
Read MoreThe Deadliest Virus
The deadliest virus is the institutionalized coercion which lies in the very DNA of the state and may even initially permit a government to…
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Convenience vs. Truth in Economics
By Nathan A. Kreider The great struggle in economic science has been the formulation of theories that accurately describe the real world. Though this…
Read MoreFed Accountability Is a Farce
By Robert Aro The Fed claims they are “accountable to the public and the U.S. Congress.” But what good is accountability, if the public…
Read MoreWhy the New Economics Just Boils Down to Printing More Money
[Editor’s Note: this article is adapted from a 2003 essay in the Quarterly Journal of Austrian Economics entitled “New Keynesian Monetary Views: A Comment.” As economists…
Read MoreTragedies of Our Time: Pandemic, Planning, and Racial Politics
An old adage says that tragedies often come in threes. Certainly, the first half of 2020 has seen a version of this. First, the…
Read MoreSavings the heart of economic activity
It is held by most mainstream economists that spending is the heart of economic activity. Economic activity is depicted as a circular flow…
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