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Yearly Archives - 2017

What Actually Causes a Recession?

Conventional wisdom in the aftermath of the Great Recession seems to be that the massive amounts of money pumped into the economy by various central banks — including the Fed — saved the world from global collapse. However, few can articulate why the recession occurred, although the subprime mortgage market certainly had an impact. This was just one factor, though.

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Greenspan Says Ron Paul Was Right About Gold Standard

Alan Greenspan may no longer be chairman of the Federal Reserve, but his opinion still holds a lot of importance in economic circles. So when he weighs in on President Trump’s spending plans, and their viability in our current economy, it’s smart to listen. And his opinion is that it could prove disastrous, now that our economy is no longer on the gold standard.

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