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Olduvai III: Catacylsm
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Are Economic Crises Inherent to Market Economies?

ARE ECONOMIC CRISES INHERENT TO MARKET ECONOMIES? It is interesting to note that Marx, in his analysis of the capitalist economic system, basically concentrates on the study of the imbalances and maladjustments which occur in the market. This accounts for the fact that Marxist theory is primarily a theory of market disequilibrium and that occasionally […]

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ECB Negative Rate Experiment May Lead to the Worst Financial Crisis in Modern History

ECB Negative Rate Experiment May Lead to the Worst Financial Crisis in Modern History QUESTION: Mr. Armstrong; Your proposition that the quantity of money theory is dead seems to be a true earth shattering proposition. It certainly disproves the Austrian School and the events post 2008 support your statement. The European Central Bank is supposed […]

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Austrian Monetary Theory vs. Federal Reserve Inflation Targeting

AUSTRIAN MONETARY THEORY VS. FEDERAL RESERVE INFLATION TARGETING One of the leading policy guideposts for central banks and many monetary policy proponents nowadays is the idea of “inflation targeting.” Several major central banks around the world, including the Federal Reserve in the United States, have set a goal of two percent price inflation. The problem […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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