The IMF calls on the Bank of England to “stimulate” by cutting rates and quantitative easing. This is another great example of Keynesian economics at its finest. Debasing a currency does not create growth. These politicians, worldwide, are short-sighted in the sense that they only care about the next election, which forces them to do whatever they can to …
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Tag: government intervention
This is a great video which shows how the government manipulates the market and so produces adverse consequences: