economics

It is solved precisely through the price system. It is solved through the constantly changing interrelationships of costs of production, prices and profits.

"Fiscal easing" is only making up for declining land sales

A stock may look cheap relative to comparable companies today, but that assessment can shift dramatically over the next few months.

Of course it could also be because interest rates are too high, in which case rising income inequality would, presumably by increasing the total amount of savings, cause interest rates to drop. In that case there might indeed be an increase in total productive investment.

the impact of the currency revaluation cannot be undermined by an expansion of credit at repressed interest rates,

Globalization and Trade Agreements: o NAFTA (North American Free Trade Agreement): Implemented in 1994, NAFTA reduced trade barriers between the US, Canada, and Mexico, encouraging businesses to relocate production to lower-cost regions.

o WTO (World Trade Organization): Established in 1995, the WTO facilitated global trade by reducing tariffs and t

This is certainly not to say that we were better off under the gold standard, but it does suggest that some of the automatic adjustment mechanisms under the gold standard were extremely useful and should somehow be replicated.

That in fact is one reason why it is not good to bring such protected interests into existence in the first place.