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Monetary Pumping and Idle Resources May 6th 2021, 11:31 am A loose monetary policy that is aimed at boosting use of idle resources won't work. Idle resources only become profitable and efficient when we have enough real savings Unfortunately, easy money policies destroy real savings Image Credit: Email As a result of the recent stimulus policies employed by the US government and the Fed, most commentators are of the view that the risk of a deepening slump in the US economy on account of the covid-19 pandemic has now receded. Some other commentators are not so certain that the risk has declin...

Joe Biden has spent his first 100 days spending trillions of dollars, and in his address before Congress last week, he announced that he wants to spend a lot more. President Joe Biden’s address to a joint session of Congress on April 28, 2021 marked the first 100 days of his administration, and enabled him to lay out his vision and vistas for government policy. Besides promising even more trillions of dollars in federal spending, it showed what guides his thinking: Nothing is possible without government, and liberty does not matter.  I have twice read through the transcript of Biden’s ...

Robert Mundell, winner of the Economics Nobel in 1999, recently passed away at the age of eighty-eight. As many of the obituaries have explained, Mundell is considered the intellectual father of the euro and was associated with the supply-side revolution in economics in the early 1980s.

Bob Murphy’s Study Guide for Man, Economy and State Is Excellent! Water Privatization Subject: Man, Economy & State Dear Sir, I’ve read “Man, Economy & State” twice now. I have understood some concepts & have not understood some. I have no background of Economics or Finance.  I will be reading “Human Action” next. Are there any classroom lectures explaining in details MES & Human Action? I have heard Human Action podcast but it’s not explaining the books in details.  Kindly let me know if there’s any. If water is privatised there are chances of over extracting water from gro...

Printing Money Can’t Replace Real Savings April 14th 2021, 11:53 am If monetary stimulus could strengthen real economic growth, then world poverty would have been eliminated a long time ago Image Credit: Email Between January 1970 and December 2020 on average changes in money supply preceded changes in real economic activity by fourteen months, as depicted by real gross domestic product (GDP). Based on this it is tempting to suggest that a strengthening in the growth rate of money supply will result in the strengthening of real economic growth. Conversely, a weakening in the growth rat...