Central banks have been at the center of the world's rapidly inflating housing prices.
Money and BanksMoney and Banking
Since real savings enable the production of capital goods, obviously real savings are at the heart of the economic growth that raises people's living standards.
Protectionism and Free Trade
The British opponents of the Corn Laws rightly understood that tariffs and other restrictions on trade are violations of fundamental natural rights, and that they privilege certain entrenched interests at the expense of everyone else.
Real GDP does not measure the real strength of an economy, but reflects monetary turnover. Thus, the more money is pumped, the stronger the economy appears to be.
When corporations can make more money by angling for government favors than they can by serving customers, that is exactly what they are going to do.
Price-control schemes have been failing for thousands of years. Now it looks like politicians in Washington are going to give price controls yet another try.
BiographiesAustrian Economics OverviewHistory of the Austrian School of Economics
Would it be possible for the boom-bust cycle to emerge in the free market economy where the central bank does not exist and where gold is money?