Austrians oppose money inflation not merely because it may lead to large-scale price inflation, but because it distorts the structure of production and thus causes the boom-bust cycle. There was very modest CPI inflation during the 1920s, yet the Austrian story is that the Fed cut rates / ...
Unlike earlier Monetarists who ignored Hawtrey’s explanation entirely, Hetzel does credit Hawtrey with having provided a coherent explanation of the causes of the Great Depression, without acknowledging the many respects in which Hawtrey’s explanation is more complete and more persuasive than Friedman...
When a criminal gang comes to town, we don’t say the police causes the additional crimes, but we do expect them to do something about it. Similarly, if in hot summers more houses go up in flames, we don’t say the fire department caused the fires, but we do expect them to step ...
McCulloch has a very interesting discussion of the role of the gold standard as a tool of war finance, which reminds me of Earl Thompson’s take on the gold standard, (“Gold Standard: Causes and Consequences”) that Earl contributed to a volume I edited, Business Cycles and Depressions: ...
Oil is the lifeblood that feeds the tumor of terrorism and causes us to engage with dreadful countries like Russia, Venezuela, Iraq and Saudi Arabia. If you really want to win the war on terror no need to “bomb the shit” out of the Middle East. Just get off oil. Fossil fuels are ...
Money cant buy true happiness, because happiness is not a slave of, but some people become slaves of money. We should take good care of ourselves and not bow down to money and become slaves to money. Money is not equal to happiness. Happiness should be woven with beautiful ideals and wat...
Spam frequently causes failures in their local communications networks, and their employees are thus unable to communicate effectively. Such a situation results in a loss of productivity and requires companies to repeatedly repair their networks. These computer problems raise production costs of companies...
This financial hardship can stem from various causes such as job loss, unexpected expenses, or poor financial management. However, it's not the end of the road. With resilience, creativity, and strategic planning, one can navigate through these challenging times. Here’s how: Firstly, assess ...
C) To make good sense o them. D) To re lect on their causes. 11. A) Produce a surprising healing e ect. B) Weaken ones immunity in the long run. C) Make people more susceptible to illness. D) Provide protection against mental illnesses. Questions 12 to 15 are ased on the ...
never letting myself leave out a tough idea. And I always started the day's work with the difficult task of essay﹣writing. Experience proved that the rule works. Performance fatigue is more difficult to handle. Though willing to get started, we cannot seem to do the job right. Its diffi...