Why Government Stimulus Sometimes Looks like It Revives the Economy
More government and central bank stimulus policies are likely to further weaken the pool of real savings and place the economy on the path of… by Frank Shostak via Mises …
A Drop in the Money Supply Was Not the Cause of the Great Depression
The Great Depression of 1930s occurred because of the Fed’s loose monetary stance from October 1920 to August 1924, which undermined the… by Frank Shostak via Mises In his writings, …
How Easy Money Creates the Boom-Bust Cycle
Whenever the monetary stance is loosened, it sets in motion an economic boom by means of the diversion of real savings from wealth generators to… by Frank Shostak via Mises …