ECB Policy-Failure On Display: European Businesses Aren’t Planning To Invest
There once was a time (at least in banished Austrian economic circles) when low market interest rates signaled to entrepreneurs a positive environment in…
Read MoreMay, 2016
Members of the European Parliament just voted to introduce a bitcoin and cryptocurrency regulator
It could have been significantly worse. In the words of Jakob von Weizsacker MEP, who drafted the resolution, and whom I had the pleasure of…
Read MoreRegulation – the hidden curse
Regulations are nearly always introduced with the best intentions. In financial services, they aim to stop unscrupulous brokers and banks from ripping off the…
Read More
Academic Skulduggery – How Ivory Tower Hubris Wrecks your Life
Source: http://bawerk.net/2016/05/23/academic-skullduggery-how-ivory-tower-hubris-wrecks-your-life/ In the 1970s economists started to incorporate rational expectations into their models and not long after the seminal Kydand & Prescott (1977) article…
Read More
Fed Suppression, Long Term Economic Repression
Source: http://bawerk.net/2016/05/19/fed-suppression-long-term-economic-repression/ The Federal Reserve really wants to raise rates, but they do not dare as the consequence of interrupting an unprecedented level of capital…
Read More
Why Deutsche Bank Thinks A Fed Rate Hike Would Unleash A Stock Market Crash
Following this week’s FOMC Minutes shows, which violently repriced June rate hike odds from 4% to 30% and July from 20% to 50%, the…
Read More
The levee gonna break – Debt, demographics, productivity and financialization
In a March paper from the Kansas City Federal Reserve Bank – The Lasting Damage from the Financial Crisis to U.S. Productivity – the…
Read MoreAlleviating Inequality through enabling a Choice of Monies
Although the myriad of benefits that is entailed through a choice of monies (unemployment, trade, credit market and so on) has often been exposited,…
Read MoreGovernments Create Monopolies And Cause Worker Exploitation, Not Free Markets
The world is threatened with a renewed wave of anti-capitalism and anti-business sentiments and policies. Many who cheered the demise of Soviet communism in…
Read More
Raghuram Rajan: “The Ammo Is Almost Gone”
Source: http://www.zerohedge.com/news/2016-05-16/mutiny-among-magic-people-india-central-banker-admits-ammo-almost-gone The self-described “magic people” who “give to the markets” are facing a mutiny this morning as Raghuram Rajan, the head of the Indian…
Read More