Lending without Saving Brings Recession and Poverty
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Political and academic elites have successfully convinced the public that they should fear private enterprise. However, people really should fear an out-of-control government.
Political and academic elites have successfully convinced the public that they should fear private enterprise. However, people really should fear an out-of-control government.
Despite statements from Biden and other progressives, profits in a market economy are not a form of plunder. Instead, they represent entrepreneurial gains that mostly benefit consumers.