All posts tagged "bubbles"

  • Government
    Why Unemployment Persists: Part III

    (Geoffrey Lawrence/NPRI) – The evidence is in: Washington’s economic nostrums are repeating the job-destroying errors of the 1930s. Parts one and two of this series showed the perverse impact artificial credit expansion has upon any society’s capital structure, with the resulting damage to employment: Artificial credit temporarily suppresses interest rates, deforming entrepreneurial...