
Latest Articles

Announcement: Documentary on Friedrich von Hayek and the Economics of the Global Debt Bubble
The Cobden Centre is putting plans together for a documentary on Friedrich von Hayek, the Austrian School of Economics and the economics of the…
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A Review of Stock Market Valuations – Part 1
As global stock markets continue to rise, commentators talk of a bubble Longer-term indicators present mixed signals about valuation Expectations about the speed of…
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Did money emerge as a result of a government ruling?
By Dr Frank Shostak By some theories such as the Modern Monetary Theory (MMT), money originated on account of the government decree. Money according…
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Can decline in money velocity offset the effect of money supply growth on price inflation?
By Dr Frank Shostak At the end of January, the yearly growth rate of our measure of US money supply (AMS) closed at 76.7%…
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F.A. Hayek on the Discovery, Use, and Transmission of Knowledge
by Thomas D. Howes | 13. October 2020 Not only in the business world our decisions depend on many factors. Yet how do we know what…
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Reinventing the Gold-Backed Deutsche Mark
The seeds of sound-money destruction were sown at the 1944 Bretton Woods Conference, which established that US dollars could be held as central bank reserves…
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Gamestop Market Mayhem and the Sickness of the Economy
By Weimin Chen This January has carried on the torch of 2020’s drama. In its final week, a down-and-out video game retail chain, members…
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Is technical knowledge the key driver of economic growth?
According to some commentators such as Nobel Laureate in Economics Paul Romer, technical knowledge is key to economic growth. We hold that if this…
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Gold Could Offer a Way out of Switzerland’s Failing Inflationist Experiment
Never mind that the US Treasury’s indictment late last year of Switzerland as a currency manipulator rested on some flawed evidence and does not…
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The ECB Is Playing a Dangerous Game with “Collective Action Clauses” on Bonds
There is a clause to European bond sales called a collective action clause. In fact, “all bonds issued by Eurozone member states with maturities…
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Global trade in 2021
So long as the fiat-based monetary system continues with accelerated money-printing, the US trade deficit will continue to widen. This is due to the…
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Relation between minimum wage and unemployment
On January 21 2021, the US President Joe Biden, through an executive order announced an increase in workers minimum wage from $7.25 per hour…
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Deflation: Friend or Foe?
by Luis Pablo de la Horra Deflation is the most feared economic phenomenon of our time. The reason behind this a priori irrational fear (why should…
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Low Rates and Limited Liability Mean Hot Markets
What clear-eyed mortgage underwriter would sign on to a thirty-year loan at less than 3 percent? After all, in Las Vegas, for instance, the unemployment…
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Latest Articles on Economics

A Review of Stock Market Valuations – Part 1
As global stock markets continue to rise, commentators talk of a bubble Longer-term indicators present mixed signals about valuation Expectations about the speed of…
Did money emerge as a result of a government ruling?
By Dr Frank Shostak By some theories such as the Modern Monetary Theory (MMT), money originated on account of the government decree. Money according…

Can decline in money velocity offset the effect of money supply growth on price inflation?
By Dr Frank Shostak At the end of January, the yearly growth rate of our measure of US money supply (AMS) closed at 76.7%…
Latest by Format
Latest Articles on Money
Why We Need a Free Market in Money
What is fiat money and what does it do? This is essential to understand since today’s worldwide unbacked paper, or “fiat,” money regime is an…

Central Banks and the Problem with Playing God
Today’s Western institutions have long been deemed to be sacrosanct. As a matter of fact, though, nation-states are increasingly met with reservation or even…

Treascomm: Steve Baker, Mark Carney and the Future of the Monetary System