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The Real Meaning of Deflation

Money and BanksMoney and Banking

Blog05/25/2019

Deflation is not a matter of animal spirits or consumer expectations. It is the result of earlier creation of money "out of thin air" by central banks and commerical banks. Deflation is the natural result.

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El Fondo de subsistencia es el corazón del crecimiento económico

Money and BanksMoney and Banking

Blog05/11/2019
El «fondo de subsistencia» –creado por el ahorro real– es la base del verdadero crecimiento económico. Pero puede ser erosionada y destruida creando dinero «de la nada».
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The Subsistence Fund Is the Heart of Economic Growth

Money and BanksMoney and Banking

Blog05/11/2019

The "subsistence fund" — created by real savings — is the foundation of true economic growth. But it can be eroded and destroyed by creating money "out of thin air."

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Modelos económicos contra el mundo real

Money and BanksMoney and BankingPhilosophy and Methodology

Blog05/04/2019
La teoría económica debe tener un solo propósito: explicar la actividad económica. Sin embargo, los métodos estadísticos no son de ayuda en este sentido.
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Economic Models vs. The Real World

Money and BanksMoney and BankingPhilosophy and Methodology

Blog05/04/2019

Economic theory must have only one purpose — to explain economic activity. However, statistical methods are of no help in this regard.

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¿Pueden los bancos centrales evitar los auges y declives con la cantidad «correcta» de creación de dinero?

Money and BanksMoney and Banking

Blog04/27/2019
Los bancos centrales sostienen que pueden evitar los auges y declives al aumentar la cantidad de dinero «correcta». Están destinados a fallar.
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Can Central Banks Avoid Booms and Busts with the "Right" Amount of Money Creation?

Money and BanksMoney and Banking

Blog04/27/2019

Central banks contend they can avoid booms and busts by increasing the money supply the "correct" amount. They are bound to fail.

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Can Government Stimulus Bring Us Out of Recessions?

Money and BanksMoney and Banking

Blog04/02/2019

Expansionary monetary policy causes economic recessions. It doesn't cure them.

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Los bancos centrales no deberían luchar contra la deflación

Money and BanksMoney and Banking

Blog03/26/2019
El problema real fue la inflación de la oferta de dinero que ocurrió durante la fase de auge. Combatir la deflación en la fase de busto solo trata de manera superficial un síntoma del ciclo de auge y declive.
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