Markets reject ‘forward guidance’ – for good reason
The British media is obsessed with Mark Carney, the new boss at the Bank of England, who, this week, made his first public appearance…
Read MoreAugust, 2013
That savings glut vs. those low interest rates
Five years after the worst financial crisis since the Great Depression, economists are still starkly divided as to its causes. Perhaps this is not…
Read MoreIt’s time for a ‘national conversation’ about the revival of sound money
A view from America … The growth gap of the current recovery compared to an average recovery is $1.3 trillion below normal. (Trillion. With a t.)…
Read More2013 Toronto Austrian Scholars Conference
For readers across the pond, or those tempted to make the journey … The annual Toronto Austrian Scholars Conference (TASC) of the Ludwig von…
Read MoreMotown breaks down
The 2,500 seat Eastown Theatre hosted The Who and The Kinks. The Cass Tech High School taught Diana Ross and John DeLorean. Michigan Central…
Read More
The German way of 1923
I chanced this morning on the superb collection of essays from Ludwig von Mises, The Causes of the Economic Crisis and Other Essays Before…
Read MoreKing Carney fails to command the tides
“Sir, Martin Sandbu writes: “We should not worry about inflation – if we strip out volatile or policy-driven elements, it stands at 1.5%, according…
Read MoreThe injustice of easy money is going mainstream
The Daily Mail reports Interest rates: How keeping them at a record low is a deliberate government ploy to pay off its debts: A stealth…
Read MoreIn Defense of the Euro (An Austrian Perspective)
Professor Jesus Huerta De Soto sent me a copy of his new film called “In Defense of the Euro (An Austrian Perspective)”. You can…
Read MoreMoney demand and banking – some challenges for the “Free Bankers”
Within the Austrian School of Economics there has long been disagreement and therefore occasionally fierce debate about the nature and consequences of fractional-reserve banking,…
Read More