Credit Growth Drives Economic Growth, Until It Doesn’t
Posted May 19, 2011
The single most important thing to understand about economics in the age of paper money is that credit growth drives economic growth. Before the breakdown
Monthly Archives: May 2011
China: Every Boom Busts
Posted May 3, 2011
Since the beginning of the Industrial Revolution, every economic boom has been followed by an economic bust. The bigger the boom, the bigger the bust.