When governments and central banks inject new fiat money into the economy, they create the illusion of prosperity rather than … Read the rest
Category: Business Cycle
Statism and the Permanent Depression
It’s often said that depressions are a failure of capitalism. That when the market is left alone, greed and chaos … Read the rest
The Mirage of Consumption
There is no growth through consumption. I repeat, there is no growth through consumption. Growth happens through production. You can’t … Read the rest
The Fantasy of Economic Mastery
Stability by Force
Strings Attached
The idea that capitalism inherently causes business cycles is a persistent myth. Critics often blame free markets for the economic … Read the rest
Violent Changes in the Value of Money
The changes in value haven’t come from gold. The change is due to fiat money and the printing press. Gold … Read the rest
Covert Parasitism
There are no booms and busts in the free market. I repeat, there are no booms and busts in the
Failure of the New-New Economics
What is being thrown around today aren’t new ideas. They’re old ideas that have failed before, and will fail again.
The Corrosive Predicament
Prices will fall on a free market. We don’t have a free market. In fact, the system isn’t even designed … Read the rest