Latest Articles
Inflationary financing and GDP
This article demonstrates that only government borrowing in the US and UK drives GDP growth. This surprising conclusion is confirmed by long-run statistics. GDP…
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How Much Damage Will Come from this Trade War?
First, the good news: the U.S. and world economies have not imploded, so far, as fallout from the rising trade tensions between the Trump…
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Why Keynes Believed Efforts to Fight Income Inequality Hinder Economic Growth
he economist John Maynard Keynes (1883-1946) famously said, “in the long run we are all dead.” He wasn’t saying we should ignore the long…
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Serious advice
“Given all this, what do MPs do all day? Media manipulation, not operational planning on priorities. “Unsurprisingly, most senior MPs in all three parties…
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Deeply negative nominal rates are on their way
Growing evidence of a severe global recession is sure to provoke more aggressive monetary policies from central banks. They had hoped to have the…
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The Bank’s ‘Stress’ Tests
My report on the Bank of England’s latest (November 2018) stress tests was published by the Adam Smith Institute on August 3rd. The purpose of the stress tests…
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Does the GDP growth have anything to do with true economic growth?
To gain insight into the state of an economy, most financial experts and commentators rely on a statistic called the Gross Domestic Product…
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The Coming Regime of the ECB: Radical Centrism
There is a changing of the guard at the European Central Bank this year with two important new appointments. Philip Lane, the governor of…
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Obvious Capital Consumption
We have spilled many electrons on the topic of capital consumption. Still, this is a very abstract topic and we think many people still struggle…
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Does the idea of price stability make sense ?
The idea of price stability originates from the view that volatile changes in the price level prevent individuals from clearly seeing market signals…
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For a Virtuous Free Trade: Edmund Burke’s Economic Vision
The following excellent piece is by Kai Weiss, a Research Fellow at the Austrian Economics Center. Download the Study For a Virtuous Free Trade Here Summary Edmund Burke is…
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Fed chairman and the Phillips curve
On July 11, 2019 before the Senate Banking Committee, the Federal Reserve Board Chairman Jerome Powell said that the relationship between unemployment and…
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A mob of nasty, ignorant dwarves
“The first rule of compounding is to never interrupt it unnecessarily.” Charlie Munger. “[Ronnie Millar] was.. surprised to be ordered by [Mrs….
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Is low inflation a threat to the US economy?
“When interest rates are low central banks don’t have much room to maneuver to deal with a crisis”, The New York Fed President…
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Latest Articles on Economics
Inflationary financing and GDP
This article demonstrates that only government borrowing in the US and UK drives GDP growth. This surprising conclusion is confirmed by long-run statistics. GDP…
Why Keynes Believed Efforts to Fight Income Inequality Hinder Economic Growth
he economist John Maynard Keynes (1883-1946) famously said, “in the long run we are all dead.” He wasn’t saying we should ignore the long…
Serious advice
“Given all this, what do MPs do all day? Media manipulation, not operational planning on priorities. “Unsurprisingly, most senior MPs in all three parties…
Latest by Format
Latest Articles on Money
Mises on 100-Percent Reserve Banking
By Edward W. Fuller Economists debate whether Ludwig von Mises advocated free banking or 100 percent reserve banking. This debate is significant. Mises states, “the…
The World Is Growing Tired of Government-Controlled Fiat Currencies
Source: https://mises.org/wire/world-growing-tired-government-controlled-fiat-currencies Listen to the Audio Mises Wire version of this article. Here in the U.S. the financial markets are focusing on Fed Chair Jerome Powell’s herky-jerky monetary…
Chapter 9: Reform
Anyone reading this probably already feels that reform would be a good idea. On paper, reform would be a simple matter: merely cancelling unjust…
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