Sunday, February 19, 2017

Say's Law: The Antidote to Countless Economic Fallacies

Say's Law: The Antidote to Countless Economic Fallacies: To understand the principle that has been called Say’s Law, it is useful to start by thinking about what unhampered exchange is: the mutual offering of goods and services between people.

Friday, February 3, 2017

Tightening the Money Supply will Inevitably Lead to a Bust

Tightening the Money Supply will Inevitably Lead to a Bust: Fed policymakers are of the view that the correct interest rate policy could bring the economy onto a path of economic stability and low price inflation. The idea is to guide interest rates toward what is called the “natural” interest rate.