The history of Spain is one beset by human tragedy. At first glance, the economic heritage of Spain seems cyclical, with periods of wealth and power followed by long epochs of poverty. Upon closer inspection, however, it becomes evident that even the years of wealth were at best illusionary.
Posts Tagged ‘inflation’
Hayek and Robbins Caused the Great Depression?
Lawrence White corrects Friedman, Bernanke, DeLong, et. al., on Hayek’s and Robbin’s roles during the Great Depression.
Spanish Economic History
Recently purchased three books dealing with the economics of the Spanish Empire, in preparation for an article.
Dan Mitchell: Deficits are Bad, but the Real Problem is Spending
Dan Mitchell’s new educational video on public deficit and government spending.
The Dangerous “Lessons” of 1937
The recession of 1937 provides a perfect case study to offer a vision of the future based on our current fiscal and monetary policies. It turns out that high government spending and intervention, mated with an inflationary monetary policy, caused the severe downturn of 1937. We are headed down that same road.
Healthy Recovery
Important economists are misinterpreting several statistics and falsely pointing towards impending recoveries. The truth is actually quite different. There is higher probability a future double-dip, or a secondary economic collapse.
The Objective of International Price Stability
John Maynard Keynes defends his proposal for a world currency and international clearing house. These proposals came during the Bretton Woods agreement, which would eventually establish the International Monetary Fund. Today, talks ensue on creating a global and international reserve currency.
Globalization: The Long-Run Big Picture
[This article was originally published on George Reisman's website, under the same title. His book, Capitalism, is available for free on PDF, although it is far more valuable as an addition to your physical library. It can be purchased from the Ludwig von Mises Institute.]
Globalization, in conjunction with its essential prerequisite of respect for [...]
Central Banking and War
The Central Bank has been at the center of the State’s ability to finance wars on a large scale. As a result, it can be said that without central banking the large wars of the 20th Century would have never taken place, as they would have been impossible to fund.
There is no hope…
Paul Krugman shows his colors, and many of his readers don’t have any clue on economic theory or logic.