The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves.
Original Article: How the Fed Undermines Prosperity
The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves.
Original Article: How the Fed Undermines Prosperity
Murray Rothbard wrote that egalitarianism is a
Mainstream economists today examine economic phenomena from
