The State Should Rescue the Market Economy (tags)
A balance recession is more than a temporary slump of the economy. During a balance recession, private economic actors try to reduce their debts. The cheap money seeps out on the financial markets where it leads to new bubbles. The labor market does not function like other markets. Falling wages did not lead to more employment - as claimed for decades.
What is Inflation? (Ver. 2.1) (tags)
Inflation is a rise in the general price of things. As a result, people believe they are able to buy less things.
What is Inflation? (Version 2.0) (tags)
Inflation is a rise in the general price of things. As a result, people believe they are able to buy less things.