At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.
I should like to suggest to you that the cause of all the economic troubles is that we have an economic system which tries to maintain an equality of value between two things, which it would be better to recognise from the beginning as of unequal value.
There's a harsh reality to situations where demand outstrips supply.
I actually thought that the marketplace was pretty imbalanced when the consumer bureau was first created and financial institutions did not have someone looking carefully over their shoulder to look after the interest of consumers.
We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.
Just because there is a market failure, doesn’t mean there is a government solution.
When I hear complaints about less liquidity, remember there is such a thing as too much liquidity.
One half of the world outprices the other half.
See {631856} for one of the major reasons.
For they (capitalists) hold as their chief heresy, in a coarser form, the fundamental falsehood that things are not made to be used but made to be sold. All the collapse of their commercial system in their own time has been due to that fallacy of forcing things on a market where there was no market; of continually increasing the power of supply without increasing the power of demand; of briefly, of always considering the man who sells the potato and never considering the man who eats it.
Things are expensive, very expensive in Israel for many reasons. One of the reasons is our ports. It's a monopoly. They run very poorly. And we have ships that are stuck in the ocean for three or four days or a week, and all that cost is transferred to the products and the consumer.
Proprietary stock-index arbitrage is but one aspect of program trading. Arbitrage will take place whenever there is an imbalance created in one or more markets that are similar.
Higher ebook prices don't benefit me, booksellers or readers, and that means something is really wrong.
The world has not learned the technique of balanced expansion without the resultant commercial and financial congestion.
The supply of government exceeds demand.
All those commodities are going to have to rise in value as we are in short supply and we are printing too much money.
Research suggests that large divisions of income and wealth weaken demand and generate economic imbalances that create instability and undermine growth.
If one fourth of the capital of a country were suddenly destroyed, or entirely transferred to a different part of the world, without any other cause occurring of a diminished demand for commodities, this scantiness of capital would certainly occasion great inconvenience to consumers, and great distress among the working classes; but it would be attended with great advantages to the remaining capitalists.