Explore " monetary policy" with insightful episodes like "The Collapse of Real Savings Caused the Great Depression", "Is Stephanie Kelton Failing Her Academic Responsibility?", "The State’s Best-Kept Secret", "How Washington and the Fed Caused the Commercial Real Estate Crisis" and "How People Can Better Fight Inflation" from podcasts like ""Audio Mises Wire", "Audio Mises Wire", "Audio Mises Wire", "Audio Mises Wire" and "Audio Mises Wire"" and more!
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose monetary policies by the Federal Reserve.
Original Article: The Collapse of Real Savings Caused the Great Depression
Stephanie Kelton, the most visible promoter of MMT, is being derelict in her academic duties by not replying to Per Bylund’s critique of her theories in the Quarterly Journal of Austrian Economics.
Original Article: Is Stephanie Kelton Failing Her Academic Responsibility?
What does the state do when in a financial fix? Unlike the rest of us, it legally counterfeits. By so doing, it transfers wealth to those who are politically connected—and then lies about it.
Original Article: The State’s Best-Kept Secret
Commercial real estate in the USA is facing a major crisis which could not have been possible without the enabling of the Fed and the draconian restrictions imposed during covid. As commercial real estate prices collapse, the usual suspects call for even more bailouts.
Original Article: How Washington and the Fed Caused the Commercial Real Estate Crisis
Ordinary people cannot stop the Fed and the government from inflating the currency, but they can take measures to shield themselves from some of its harmful effects. Mark Thornton presents a few ideas on how it can be done.
Original Article: How People Can Better Fight Inflation
Keynesian economists believe that the key to increasing economic growth is increasing the supply of money in circulation. Money, however, is a means of exchange, not a means of payments. The difference is vital to understanding economics.
Original Article: Does Increasing the Money Supply also Increase Economic Growth?
Central banks intervene in order to “create demand,” and then they intervene in order to try to mitigate the damage they caused earlier. This is a never-ending scenario of economic destruction.
Original Article: Central Banks Are Destroying Our Economies
While her record is hardly perfect, Judy Shelton has been a rarity among monetary economists: an advocate for gold and sound money.
Original Article: Judy Shelton’s Lasting Legacies
Mainstream economists claim money has purchasing power because the government issuing the money has so declared. That makes no sense.
Original Article: How Does Money in Our Possession Acquire Value?
On this day ninety-one years ago President Franklin D. Roosevelt via executive order seized gold legally held by Americans, criminalizing the use of sound money. Our economy and our nation has never recovered from this act.
Original Article: Fixing FDR’s Biggest Blunder: From Gold Standard to Fiat Folly and Back
Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.
Original Article: Does the Balance of Payments Determine Exchange Rates?
Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.
Original Article: Does the Balance of Payments Determine Exchange Rates?
Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well.
Original Article: Washington’s Planned Theft of Credit Card Benefits
Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well.
Original Article: Washington’s Planned Theft of Credit Card Benefits
Congresswomen Rashida Tlaib and Alexandria Ocasio-Cortez have introduced legislation to create government-owned banks, ostensibly to “increase accountability.” In truth, the banks would exist to fund progressive causes.
Original Article: Government Banks Would Be a Dangerous Tool for Progressive Ideologues
Congresswomen Rashida Tlaib and Alexandria Ocasio-Cortez have introduced legislation to create government-owned banks, ostensibly to “increase accountability.” In truth, the banks would exist to fund progressive causes.
Original Article: Government Banks Would Be a Dangerous Tool for Progressive Ideologues
While the “Great Reset” involves an unholy alliance between governments and big businesses, implementing its policies is impossible without central banks suppressing interest rates. Now that rates are rising, people are finding firsthand the real costs of the “Great Reset.”
Original Article: Rising Interest Rates and the "Great Reset" Bubble
One doesn’t need to search modern economic literature to take on the MMT crowd. Just read Bastiat.
Original Article: Bastiat versus MMT
While the “Great Reset” involves an unholy alliance between governments and big businesses, implementing its policies is impossible without central banks suppressing interest rates. Now that rates are rising, people are finding firsthand the real costs of the “Great Reset.”
Original Article: Rising Interest Rates and the "Great Reset" Bubble
One doesn’t need to search modern economic literature to take on the MMT crowd. Just read Bastiat.
Original Article: Bastiat versus MMT
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