For honest money and social progress
In response to a weakening in the yearly growth rate of key economic indicators such as industrial production and real gross domestic product…
Read MoreThere is an emerging view held by many commentators that it is banks and not the central bank that are key for the expansion…
Read MoreSome commentators consider fractional reserve banking as a major vehicle for the expansion in the money supply growth rate. What is the nature…
Read MoreFollowing the Austrian Business Cycle Theory (ABCT), the boom-bust cycle emerges in response to a deviation in the market interest rate from the…
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On Wednesday August 14 2019, participants in financial markets were shocked by the news that the differential between the yield on the 10-year…
Read MoreTo gain insight into the state of an economy, most financial experts and commentators rely on a statistic called the Gross Domestic Product…
Read MoreThe idea of price stability originates from the view that volatile changes in the price level prevent individuals from clearly seeing market signals…
Read MoreOn July 11, 2019 before the Senate Banking Committee, the Federal Reserve Board Chairman Jerome Powell said that the relationship between unemployment and…
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“When interest rates are low central banks don’t have much room to maneuver to deal with a crisis”, The New York Fed President…
Read MoreAccording to Ludwig von Mises’s Austrian Business Cycle Theory (ABCT), the artificial lowering of interest rates by the central bank leads to a…
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