henry hazlitt

Velocity Of Irrelevancy

By Jeffrey P. Snider|2018-02-13T17:47:15-05:00February 13th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

One less mainstream piece of this inflation hysteria boom is the velocity of money. In case you haven’t yet heard, monetary velocity is rising. From that we are supposed to infer all the usual – wages, inflation, higher rates, and utter destruction in bonds if not the whole Western economic structure. The first part is technically true. Money velocity increased [...]

What An ‘Absence of Meaning’ Means

Henry Hazlitt once wrote that, “it is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths.” I have come to wonder how far that might have penetrated, disabling so many of the tools in which any “good” economists, or even investors, may use to act. Without the free [...]

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