The German Miracle vs. the Welfare State
[Editor’s Note: The following is by Ludwig Erhard, one of the most important economists of the twentieth century and mastermind of the German economic…
Read MoreAugust, 2015
The Unseen Consequences of Zero-Interest-Rate Policy
Source: Ronald-Peter Stöferle at https://mises.org/library/unseen-consequences-zero-interest-rate-policy In a dynamic economy, an action not only triggers just one effect, but always an entire series of different consequences….
Read MoreGoldMoney white paper: Gibson’s paradox resolved
A new white paper resolving Gibson’s paradox is posted on GoldMoney’s site, here: https://www.goldmoney.com/images/media/Files/GMYF/Gibsons%20Paradox.pdf The full ramifications will take further analysis and thinking, but…
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Eugen von Böhm-Bawerk: How the FOMC got institutionally corrupt
From Eugen von Böhm-Bawerk, source here: http://bawerk.net/2015/07/16/how-the-fomc-got-institutionally-corrupt/ The Humphrey-Hawkins Full Employment and Balanced Growth act signed into law by President Jimmy Carter on October…
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Zero Hedge: Fed Admits Economy Can’t Function Without Bubbles
In short, the dot-com bust was the last chance for the Fed to pivot and liberate the American economy from the corrosive financialization it…
Read MoreThe Only Form of Permanence
Perhaps the first great lesson of economics, as emphasized by Henry Hazlitt, is that there is no free lunch. The second, courtesy of Frederic…
Read MoreAll out of bubblegum
“I have come here to chew bubblegum and kick ass. And I’m all out of bubblegum.” – ‘Nada’ (Roddy Piper) in the film ‘They…
Read MoreRyan Streeter: Uber is just the tip of the iceberg
Uber’s battle with New York City mayor Bill de Blasio, which culminated this week in a temporary truce while the city “studies” Uber, shines…
Read MoreChina’s 1929 moment
Anyone with a nose for markets will tell you that the Chinese government’s attempt to rescue the country’s stock markets from collapse is far…
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