Explore " central banks" with insightful episodes like "Lending without Saving Brings Recession and Poverty", "Does Government Spending and Money Expansion Create New Wealth or Destroy It?", "Does Government Spending and Money Expansion Create New Wealth or Destroy It?", "Can an Easy Money Policy Increase Employment of "Idle Resources"?" and "Can an Easy Money Policy Increase Employment of "Idle Resources"?" from podcasts like ""Audio Mises Wire", "Audio Mises Wire", "Audio Mises Wire", "Audio Mises Wire" and "Audio Mises Wire"" and more!
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Original Article: Lending without Saving Brings Recession and Poverty
Government efforts to expand “aggregate demand” involve new spending and money creation. In reality, these activities destroy wealth in the name of expanding it.
Original Article: Does Government Spending and Money Expansion Create New Wealth or Destroy It?
Government efforts to expand “aggregate demand” involve new spending and money creation. In reality, these activities destroy wealth in the name of expanding it.
Original Article: Does Government Spending and Money Expansion Create New Wealth or Destroy It?
When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works.
Original Article: Can an Easy Money Policy Increase Employment of "Idle Resources"?
When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works.
Original Article: Can an Easy Money Policy Increase Employment of "Idle Resources"?
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