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Why velocity of money and the purchasing power of money are not related?
Some commentators are of the view that when the velocity of money rises, all other thing being equal, the buying power of money…
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Why China should remove all trade tariffs
I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay…
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The Imperial Presidency Embodies Political and Economic Hubris
Historian Arthur M. Schlesinger coined the term “imperial presidency” in the 1960s. It was meant to indicate that the role of the president of…
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First Ever Austrian School Event in European Parliament
I will write this up more fully soon – last week we had the first ever Austrian School event in the European Parliament. The…
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Money growth and inflation – is there a connection?
According to many mainstream economists, a lack of good correlation between the monetary growth and the growth rate of various price indexes casts doubt…
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The Fed Is Tightening More Than It Realizes
by Benn Steil and Benjamin Della Rocca at CFR https://www.cfr.org/blog/fed-tightening-more-it-realizes Before the 2008 collapse of Lehman Brothers, the Fed’s balance sheet stood at $925 billion—mostly U.S. Treasury securities. After…
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Easy monetary policy and the pattern of consumption
With meagre resources at his disposal, an individual is likely to allocate these resources i.e. his wealth towards essentials such as food, clothing…
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Coffee Sellers Are Not Fundamentally Different from Banks
By Joakim Book With the 2007-8 financial crisis came a splendid alphabetical soup of central bank interventions to stimulate financial markets, lower interest rates, provide…
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Second Annual Conference on Austrian Economics in Madrid
The conference, originated by Jesus Huerta de Soto, was a great success. I will write more soon. It would be good if more Cobden…
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The psychology of systemic consensus
We are all too familiar with established views rejecting change. It has nothing to do with the facts. Officialdom’s mind is often firmly closed…
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Caitlin Long on Blockchain and the Austrian School
What is the relation between supply and demand for money?
For most economists there is the need to keep the so-called economy along the path of a stable economic growth and a stable…
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Events
“Events, dear boy, events.” Alleged response by the British Prime Minister Harold Macmillan, when asked by a journalist what is most likely to blow…
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Some Comments on “Economics for the Many” Edited by John McDonnell
Economics for the Many Ed John McDonnell Verso Books 2018 Democratising Economics in a Post Truth World By Antonia Jennings …
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Latest Articles on Economics
Why velocity of money and the purchasing power of money are not related?
Some commentators are of the view that when the velocity of money rises, all other thing being equal, the buying power of money…
Money growth and inflation – is there a connection?
According to many mainstream economists, a lack of good correlation between the monetary growth and the growth rate of various price indexes casts doubt…
The Fed Is Tightening More Than It Realizes
by Benn Steil and Benjamin Della Rocca at CFR https://www.cfr.org/blog/fed-tightening-more-it-realizes Before the 2008 collapse of Lehman Brothers, the Fed’s balance sheet stood at $925 billion—mostly U.S. Treasury securities. After…
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Latest Articles on Money
The Fed and asset bubbles
In his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
John Law – 300 years on
Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble,…
What causes the acceptance of paper money?
Demand for a good arises because of its perceived benefit. For instance, people demand food because of the nourishment it offers them. This is…
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