Dan Mitchell’s new educational video on public deficit and government spending.
Posts Tagged ‘Hyperinflation’
The Possibility of Postponing the Eruption of the Crisis: The Theoretical Explanation of the Process of Stagflation
The arrival of the economic recession can be postponed if additional loans unbacked by real saving are granted at an ever-increasing rate, i.e., if credit expansion reaches a speed at which economic agents cannot completely anticipate it. This strategy is condemned to inevitable failure and involves a huge additional cost: once the recession hits, it will be much deeper and much more painful and prolonged
Restoring Prosperity to Zimbabwe
In the midst of increasing socialization in Zimbabwe and spiraling poverty, there are many who still believe that the answer to the country’s woes is greater centralization of the economy. The truth is that Zimbabwe does not need greater centralization and the foundations of a solution to prosperity are not specific to deregulation, although economic liberty is a keystone to any developing economy. The answer to Zimbabwe’s problems lies in the guarantee of property rights.
