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
Category: Business Cycle
The Crack-Up Boom in the Bust
Soaring inflation will lead to a fictitious boom. Goods will be purchased because the masses understand the money is … Read the rest
Permanent Depression—Statism
It’s alleged there’s an absence of depressions under statism. It’s actually the opposite. Statists economies are permanently depressed. They may … Read the rest
Recession or Depression?
There’s nothing different between the two. Economic realities have changed over the years due to sensitivities. First it was … Read the rest
Growth: Real and Quasi
Understanding the difference between real growth and quasi-growth is critical to progress. Confusing the two can lead to de-civilization. When … Read the rest
Can Wealth Be Printed?
It seems obvious wealth can’t be printed. Those at central banks around the world think this though. These so-called experts … Read the rest
The Trade Cycle
The role of interest rates allocating resources is critical to the trade cycle. Booms and busts begin when interest is … Read the rest
Gold is Heavy
It would be inconvenient to carry around gold if the transaction is too large. It has a high value … Read the rest
Effects of Inflation
Inflation leads to the business cycle, without a doubt. However, it can do something much more sinister, completely obliterate … Read the rest
Boom and Bust
Injecting more fiat money into the economy creates an artificial boom. The boom period is not good for the economy. … Read the rest