Image Source: Pixabay
On the latest episode of Minor Issues, Mark Thornton takes apart the media’s “K-shaped economy” cliché. He explains the divergence the Austrian way: Cantillon effects from decades of deficit spending and artificially low rates that lift asset holders and big borrowers, while eroding wages and pricing-out families. Mark shows why the usual fixes like tax tweaks and rate cuts backfire. He also lays out a real cure: deep federal spending cuts, program eliminations, market-set interest rates, and sound money that restores honest price signals for everyone.
More By This Author:
What Have The Inflation-Mongers Wrought?Does A Growing Economy Require Increases In The Money Supply?
Interest Is Not The Marginal Product Of Capital
Comments
Log in or sign up to join the conversation.