Why the Crony Class Loves Artificially-Low Interest Rates—And Why You Shouldn’t
08/29/2024•Mises Wire•Artis Shepherd
Print this page
In our bureaucratically-managed economy, financial prosperity increasingly depends on how close one can position himself to the dissemination of newly-created money. Understanding this critically means identifying the link between this “prosperity” and newly-created money. Since creating money from nothing can’t possibly be productive, or enhance wealth in any real way, there is no direct link to prosperity. The connection.