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Posts Tagged: “economic stability“

The Missing Golden Key to Development
While some still cling to the idea that economic and governmental development of Third World countries will come from external forces, it is becoming a much more widely accepted truth that the most robust long-term growth only comes when it is spurred by the countries themselves. Even when resources come from other countries, a great […]

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Rising Long-Term Interest Rates: The Hidden Impact of High Time Preference
In the wake of last week’s FOMC meeting, it’s worth revisiting the economic function of interest rates, which guide economic activity in accordance with societal time preference. In order to suppress the natural rate of interest, central banks must resort to inflation.

Instead of a Bitcoin Reserve, Trump Should Talk a Gold Standard
Bitcoiners are salivating at the idea of the Trump administration pumping their holdings by declaring a “Strategic Bitcoin Reserve” where the government pledges to hold onto its current stash or, in another version, start buying more bitcoin and using it to pay down the debt.

What does MV = PQ Mean for America?
As prices rise and economic uncertainty becomes a daily reality, many Americans are left grappling with the question: how did we get here? With inflation eating away at purchasing power, the need for a sound monetary policy has never been more pressing. In these turbulent times, the insights of Nobel laureate Milton Friedman shine brightly. […]

The Model Behind the Madness
Central banks typically make decisions based upon the NK (New Keynesian) model. Its goal is to provide a framework to understand how interest rate decisions end up affecting the various measures of an economy’s performance. It differs primarily from the RBC and Neoclassical models in that it includes the real short term effects of monetary […]

U.S. Is “A Few Short Years” From Data Reliability Crisis, Study Warns
U.S. economic data is hitting headlines yet again—this time, due to serious concerns about its continued reliability. “Federal statistical agencies face increasing challenges to their ability to produce relevant, timely, credible, accurate, and objective statistics,” researchers of the American Statistical Association revealed. “Immediate action is needed to put the agencies … on a firmer footing […]

The Fed vs. The Treasury: All Roads Lead to Inflation
In the fight against inflation, is it the Fed or the Treasury that calls the shots? The answer is, it’s both. The Fed raises interest rates to make loans less attractive and bring inflation down, but The Treasury has its own set of magic tricks to artificially “stimulate” or “tighten” the economy as well. One of […]

AI’s Disruptive Effect on Traditional Assets
Artificial Intelligence has already had an incredibly disruptive effect on many industries. It has allowed inexperienced workers the ability to increase their productivity and outpace older workers with less tech-savvy. It has begun to help some companies make efficient decisions that they would have been blinded to if they had only considered their own industry conventions. AI is different from many other […]

Not Just the US: Global Debt-To-GDP Ratios Are Skyrocketing
The US national debt is so out of control that, ironically enough, even the Federal Reserve chair has expressed concern about the problem. And while America is among the top contributors, it isn’t just the US that’s spending money it doesn’t have: after briefly declining in 2023, the global debt-to-GDP ratio is again at an all-time high.