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Financial MarketsMoney and BanksMoney and Banking
With cryptocurrencies, currency competition in the spirit of Hayek has become possible even in the absence of self-limitation by governments.
Money and BanksMoney and Banking
Under an inflationary monetary scheme, big financial-sector players who get the new money first benefit the most. Ordinary households down the line then bear the brunt of price inflation.
Money and BanksPovertyMoney and Banking
In a world of rampant central bank intervention and endless government regulation, some are still claiming we live in a world of "hypercapitalism."
Global EconomyMoney and BanksMoney and Banking
Emerging-market currencies often suffer a as a result of their government's own profligacy. But the US is also actively trying to destabilize some currencies, and setting up a conflict that the US could ultimately lose.
Money and BanksU.S. HistoryMoney and Banking
With printing of the Continental notes in 1775, Webster feared people would think you could finance the Revolutionary War by printing paper money. We should have listened!
It is not possible to generate something out of nothing as suggested by Keynes and his many followers.
Historical experience does not appear to support the thesis of modern fractional-reserve free-banking theorists.
Ultimately, what matters for the well-being of individuals is not that they are employed as such, but their purchasing power in terms of the goods and services that they earn.
The Turkish lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did.
Forget the IMF’s forecasts of Venezuela’s hyperinflation. They are a prime example of junk science.