And even that is doubtful.
The broken window fallacy (explained below) is one of the most important economic concepts anyone with even the slightest interest in politics and economics can understand.
Did the “central bank for world central banks” really say this?
Look for this to spread.
For now the negative interest rate of -0.1% will only apply to bank reserves held at the central bank. The stated objective is to persuade the banks to reduce their reserves by lending more.
Does an official 6.3% unemployment rate mean that the economy has finally recovered?
It’s been a while since we’ve heard from David, but attached is an interview he did with Mises.org. As usual he’s full of valuable insights and contrarian thinking. Enjoy.
Murray Rothbard is a person everyone who wants to really understand economics should know. He will challenge you and the things you have been taught. God help you if you have gone through a mainstream economics department. You are in for a wild intellectual ride. But boy is it a ride worth taking.
The recession (depression) never ended for most people. Those who have access to the financial markets, which have been inflated by the Federal Reserve have done well. The average family in the USA however now operates with 7% less than it did in 2008.