Rates: When Zero Is Way Too High
I believe the article is mistaken on a lot of things but, they are correct about increasing credit expansion in order to prevent the onset of recession. In fact, the rate has to increase exponentially. However, that can't happen indefinitely. A deep recession cannot be avoided, only postponed and exacerbated.The Theoretical Explanation of the Process of Stagflation (according to Austrian school economics - Mises, Hayek, Rothbard, etc):I believe we have experien
Volumes 1 and 2 of Murray Rothbard's History of Economic Thought:
1 Economic Thought Before Adam Smith
2 Classical Economics
This should keep me occupied for a long time.
The G20 moves the world a step closer to a global currency
This article reminded me of a CFR essay by Benn Steil titled The End of National Currency that I read a couple of years ago. Steil's essay is remarkably astute, not only for his understanding of national fiat currencies, but of the nature of gold as real money as determined by thousands of years of human interaction. While I would welcome the end of nationalistic currencies, I utterly detest the idea of a global 'paper' currency mani
