KLOKA GURU UTTALANDEN FRÅN GURUSARNA PÅ MISES INSTITUTE
To cause a truly disastrous boom and bust with far-fetching real consequences, you need to control the money supply.
Far from being in the midst of a robust "recovery," the patient — i.e., the US economy — is still incredibly weak, needing constant infusions of medicine to stave off a crisis in its circulation.
Central banks’ economic models predict deeper negative rates are necessary in the event that a significant recession materializes. This would be a disaster.
The destruction of capital, economic and otherwise, is contrary to every human impulse.
Neither loose monetary policy, nor big-spending fiscal policy can grow an economy. All that these policies can do is to redistribute a given pool of real savings from wealth generators toward non-wealth generating.
The big differences between the economies of Ireland and Portugal illustrate how the eurozone's design just doesn't fit with modern economic realities. activities.
Democratic socialists are committed to destroying the voluntary and naturally-occurring relationships that develop in the marketplace among consenting human beings. They do it through relentless wealth redistribution programs.
The British opponents of the Corn Laws rightly understood that tariffs and other restrictions on trade are violations of fundamental natural rights, and that they privilege certain entrenched interests at the expense of everyone else.
Central bankers like Alan Greenspan seem to think central bankers can be trusted to act with restraint. That's a risky plan, especially given that true and reliable constraints could be put on the money supply by adopting commodity money.
The Fed would have us believe that it has am impressive record of success in preventing recessions and improving the economy. The actual historical record suggests otherwise.
Central banks have been at the center of the world's rapidly inflating housing prices. While it’s easy to see how much we’re spending over there, it’s harder to see what we could be doing with all of those resources if we weren’t creating more problems abroad. We need to transform the way we think about our foreign policy and take Bastiat’s cue to try to “see the unseen.”
Since real savings enable the production of capital goods, obviously real savings are at the heart of the economic growth that raises people's living standards.
When politicians say "you never had it so good" they're taking credit for something they didn't do. In truth, what economic prosperity we have is due to private savers and entrepreneurs making economic progress possible.
It is not the people we elect who are in charge. They are only the human face on the machine. If they don't know this before the election, they quickly discover it after the election.
Economic power” is simply the right under freedom to refuse to make an exchange. Every man has this power. Political power, on the other hand, is something very different.
Most everyone dislikes being taxed to pay for government. So governments turn to borrowing and printing money. But those methods aren't really any less costly than taxation.
In the blurry world of conflicting economic indicators and forecasts and policy surprises, activist policymakers at the Fed do not know exactly what the “right” monetary policy is today. Neither do their activist critics.
The social, political, and economic conditions of our world today give Ludwig von Mises’s treatise a refreshing relevance matched by few other works written over the last century.
People do not save and accumulate capital because there is interest. Interest is neither the impetus to saving nor the reward or the compensation granted for abstaining from immediate consumption. It is the ratio in the mutual valuation of present goods as against future goods.
By advocating an increased monetary role for the state, Keynes has made the credit cycle considerably worse and more destabilising.
In a competitive economy, employers are unable to pocket the surplus produced by workers. If the employers try to do this, they lose market share and their best workers.
Real GDP does not measure the real strength of an economy, but reflects monetary turnover. Thus, the more money is pumped, the stronger the economy appears to be.
100-year bonds push government debt onto future taxpayers who haven't even been born yet. And they also show the government has no intention of actually paying its debts.
A tall order men spännande och tankestimulerande hoppas jag.
Göran Högbergs Finanskrönika varje vecka – klicka här för mer information!
|2020-05-22||Inflations-bömb på G!|
|2020-05-22||Den store inflationisten|
|2020-05-20||Alla gillar inflation!|
|2020-05-19||Svag bredd på NYSE|
|2020-05-15||Druckenmiller och TA|
|2020-05-14||Vad ni bör ha på lång sikt!|
|2020-05-12||Short on Cash|
|2020-05-12||Race to the bottom|
|2020-05-11||Bäst och sämst i klassen|
|2020-05-10||Politik och ekonomi|
|2020-05-08||Billigt i Brasilien|
|2020-05-08||Energi i pipline|
|2020-05-07||Läses på egen risk|
|2020-05-06||Turism i sydeuropa|
|2020-05-05||The real problem|