Money and Banks

Displaying 21 - 30 of 1746

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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Credit Expansion Squanders Capital

Money and BanksMoney and Banking

Blog09/15/2018

As the credit expansion turns to bust, many capital goods remain unused, many investment processes cannot be completed, and capital goods produced are used in a manner not originally foreseen. A large portion of society’s scarce resources has been squandered.

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The Fed's Plan for "Countercyclical Capital Buffers" Is Just More of the Same

Money and BanksMoney and Banking

Blog09/14/2018

Scratching beneath the surface of the debate around countercyclical capital buffers, we find the normal level of duplicity that characterizes most debates about monetary policy.

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Blame the Fed — Not Investors — For Asset Bubbles

Money and BanksMoney and Banking

Blog09/12/2018

New York Fed Chief Dudley recently suggested asset bubbles "emerge from the way market participant’s process information and trade" — thus ignoring the role of the central bank.

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George Selgin Misunderstands Rothbard's Position on Fractional-Reserve Banking

Booms and BustsMoney and BanksMoney and Banking

Blog09/10/2018

Selgin thinks fractional reserve banking critics are akin to "flat-earthers", but he gets some important points wrong. 

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