Latest Articles
How Is Negative Interest Possible?
Germany has recently joined Switzerland in the dubious All Negative Club. The interest rate on every government bond, from short to 30 years, is…
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Can boom-bust cycles emerge in a free market economy where gold is money?
Following the Austrian Business Cycle Theory (ABCT), the boom-bust cycle emerges in response to a deviation in the market interest rate from the…
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Friends of Freedom, Do Not Despair
riends of freedom can easily become despondent when they look at what appear to be the ideological and political trends that fill the media…
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The shape of the yield curve and the state of the economy
On Wednesday August 14 2019, participants in financial markets were shocked by the news that the differential between the yield on the 10-year…
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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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Take Shelter 2.0
“The most terrifying words in the English language are: ‘I’m from the government and I’m here to help.’” Ronald Reagan. “When Nobel Prize-winner…
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Chinese currency manipulation – Trump’s petard
The risk that the Sino-US trade war morphs into an international currency war has risen The US$ Index is up since 2010 but its…
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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…
Read More
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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Latest Articles on Economics
How Is Negative Interest Possible?
Germany has recently joined Switzerland in the dubious All Negative Club. The interest rate on every government bond, from short to 30 years, is…
Can boom-bust cycles emerge in a free market economy where gold is money?
Following the Austrian Business Cycle Theory (ABCT), the boom-bust cycle emerges in response to a deviation in the market interest rate from the…
The shape of the yield curve and the state of the economy
On Wednesday August 14 2019, participants in financial markets were shocked by the news that the differential between the yield on the 10-year…
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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