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- Inflation: A Semantic Change Worth Noting https://t.co/2TlFI45lPM @SchiffGold
- The Austrian school and monetary policy
- Ron Paul: "Eventually it collapses because it doesn’t work any longer, just like the collapse of the Soviet system.” http://bit.ly/2f27CDW
- #JanetYellen admits that while the Fed was wiling to buy toxic mortgage-backed securities, it will not touch Puerto Rican sovereign debt!
- I will be on the @Benzinga #PreMarket Prep show tomorrow at 9 a.m. EST! Tune in here: http://bit.ly/1RXB5uD
- Walter Block and Mark Skousen to Battle Over Hayekian Triangle at Anarchapulco!
- Excellent Comic Strip Explains Our Situation
- My latest CNBC Asia interview – Bubble Fundamentals: This Market Needs More Cheap Money @SchifGold https://t.co/g8XBgb0Xo6
- Ronald Reagan had the integrity to stand by Volcker when Volcker was doing something that was very politically unpopular. A lot of people were being hurt by these sky-high interest rates, but Reagan stood behind his Fed chairman. http://bit.ly/2BJIJG2
- 10 year treasury yields are now just below 2.95%. For those who think 3% is the ceiling think again. Once we move above 3.25% i think the move to 4% will be quick. If the stock market hasn't crashed by then, or the Fed has not changed policy, the move to 5% will be even quicker!
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?