Hyperinflation, Money Demand, and the Crack-Up Boom
In a hyperinflation, the demand for money collapses.
Category: ECONOMICS FOR BUSINESS
Lebanon: Another Example of ‘Not Real Statism’
Much like the fabled communism, whenever it fails, it becomes not-real-communism; when statism fails, it turns into not-real-statism.
What Happens When the Public Realizes Inflation Will Get Worse
Excerpt from Mises’ ‘Human Action’
Why Marx Loved Central Banks
Marx’s measure number five reads: “Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.”
There is No Getting off Europe’s Elevator to Hell
The EU has chosen a path of fiscal, foreign and monetary policy insanity that has lead it directly to where it is today, the sick man at the geopolitical table.
The 2021 Nobel Prize Demonstrates the Decline of Economic Thinking
The newer approaches herald a declining interest in theory in favor of what might be called crude empiricism.