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- As Dan Kurz of DK Analytics points out, the federal government would have a difficult time even paying the interest on the debt in a “normalized” interest rate environment. http://bit.ly/2imzvbt http://bit.ly/2k7GtkT
- Securing Better Money Through Currency Competition
- Discussion forum: The Continuing Relevance of Anthony de Jasay | by Christopher J. Coyne (Sept. 3, 2015)
- Chris Martenson of http://bit.ly/2qZEIV8 called the current US and global financial system "deeply unfair." http://bit.ly/2pk1Jpt
- China, as well as other countries including Russia, desperately want to reduce their dependence on the dollar. http://bit.ly/2y4vbEo
- More Fed flops this week. See what new antics they’ve been up to in #FedUpFriday: https://t.co/4mSAvOz3m9
- Science Isn’t Broken. It’s just a hell of a lot harder than we give it credit for. | by Christie Aschwanden. "..headlines that read 'weak, unreplicated study finds tenuous link between certain vegetables and cancer risk' don’t fly off the newsstands.."
- I spent a lot of time watching coverage on CNBC as the market plummeted. Everybody acted shocked. If they had listened to my podcast last week, they wouldn’t have been surprised. They would have expected it. http://bit.ly/2BeVwQz
- Top Economists Are Backing Sen. Bernie Sanders on Establishing a $15 an Hour Minimum Wage
- We can expect the same brand of interventionist monetary policy to continue into the future. http://bit.ly/2ztPo6T
Saturday, April 16, 2016
What is the Austrian reason why unemployment and inflation are inversely correlated?
I think this is the reason: 1. Banks have to make fewer retails loans because people are unemployed. 2. This leads to a lower demand for new money created through government spending. Nobody needs fiat to pay back debts, because people borrow less because banks lend them less because they have no jobs to pay back said debts. What do you think?