There’s nothing different between the two. Economic realities have changed over the years due to sensitivities. First it was … Read the rest
Category: Business Cycle
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
Do Depressions Happen in Statist Economies?
It’s commonly believed that depressions don’t happen in statist economies. It’s believed that business cycles happen from the market economy. … Read the rest
What Causes the Business Cycle?
The business cycle is caused by artificial credit expansion by the central bank and commercial banks too—if the reserve requirement … Read the rest
Say’s Law of the Market
It’s commonly said that Say’s law is: production creates its own demand. This is a straw man. This kind … Read the rest