Tag Archives: credit expansion
When Boom Turns Into Crack-Up Boom
U.S. dollar printing in its current form is a crude procedure. The Treasury issues debt. The Federal Reserve then expands its balance sheet, creating credit from nothing, and loans it to the Treasury. The U.S. government then spends the debt based money into the economy via federal contracts, programs, and, now, stimmy checks. Continue reading
Posted in Economy, MN Gordon
Tagged central planning, crack-up boom, credit expansion, joe biden, ludwig von mises
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China’s Economy is Doomed
Sometime early last summer, Hui Ka Yan, chairman of Evergrande Real Estate in China, displayed his brilliant deal making abilities. He took time off from developing and selling residential real estate buildings to sell China’s most popular soccer team to … Continue reading
