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U.S. HistoryMoney and Banking
Rothbard saw at an early stage of his life as a graduate student that the Jacksonian period was a defining one in American history.
Money and BanksMoney and Banking
An overheating economy emerges once expenditure rises without being backed up by production, a situation that emerges when the money stock is increasing.
Government, tech, and banks all have a common interest in moving consumers and taxpayers toward the abolition of physical cash.
Recessions grow out of government and central-bank interventions that direct resources away from true wealth generating activities — and toward bubble activities.
The EntrepreneurEntrepreneurshipMoney and Banking
Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency.
The FedMoney and Banking
Neither the Fed nor the government can grow the economy. They can only redistribute real wealth.
Conflating "inflation" with a general rise in prices prevents understanding the true problem with inflation.
Even with falling interest rates and high liquidity, there have been spectacular bankruptcies, so imagine what can happen when rates rise.
The new Fed Chief Powell was optimistic at Congressional hearings this week. But he may have inherited a quickly-expiring boom.
When the Fed began paying interest on bank reserves, it kept a lid on inflation. But now there's no easy way out.