By Alvaro Vargas Llosa | Thursday May 18, 2017 at 10:49 AM PST | Comments Off on Another Bubble in the Making?
Moral hazard, easy money, and cheap credit have never produced good results. History is littered with examples of financial disaster brought about by monetary manipulation originating in central banks and then spreading to other parts of the system. One would think that the 2007/8 credit crisis, whose effects have not quite withered away, would…
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Tags: corporate lending, credit expansion, financial bubble, loan write-offs
By Robert Higgs | Sunday December 5, 2010 at 8:46 PM PST | 10 Comments
Consider the following commentary on the economic situation: Foolhardy procedures which are divorced from economic realities, or whose economic implications are not understood by their promoters, do not perforce become sanctified and wise merely by designating them as “action”; tilting at windmills does not draw water. [W]hen a recovery program, which, while it may…
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Tags: American History, Banking and the Business Cycle, Business, Business Cycle, C. A. Phillips, cheap money, credit expansion, Economics, Employment, federal government, Federal Reserve, Fiscal policy, Great Depression, Inflation, Keynesian economics, Money and Banking, New Deal, Obamanomics, R. W. Nelson, recession, T. F. McManus, Unemployment