Positively Natural – Pt II
THE NET THAT SHALL ENMESH THEM ALL Now, the foregoing may be all well and good, but it is also the case that any…
Read MoreJune, 2016
BREXIT and Economic Growth – is there any link?
On Thursday June 23 2016 the people of Britain voted in a referendum to leave the European Union (EU). Most commentators view Britain’s exit…
Read MorePositively Natural – Pt I
THE CASE FOR POSITIVE INTEREST An Austrian rebuttal of Summers et al, in four parts THE TIME IS OUT OF JOINT Over the years,…
Read More
Durable Goods Add To The Idea of Depression (Small ‘d’)
There wasn’t anything new or surprising in the advance durable goods report. Shipments (ex transportation) were flat and orders were up 1% year-over-year (NSA)….
Read More
Will Japan be the first to test the limits of quantitative easing?
The Japanese stock market peaked in December 1989, marking the end of a period of economic expansion which briefly saw Japan eclipse the USA…
Read More
Bawerk.net: China’s Lender of Last Resort Conundrum
It took a while to play through, but our assessment that China would increasingly become the petro-state lender of last resort is starting to come…
Read MoreDonald Trump, The Gold Standard, Maynard Keynes, And Our Madmen In Authority
June 5th was is the anniversary of the birth of John Maynard Keynes, once upon a time the great foe of the gold standard….
Read More
Blind Robbery! How the Fed, Banks and Government Steal Our Money
Editor’s Note: Philipp’s terrific new book “Blind Robbery! How the Fed, Banks and Government Steal Our Money” is now available (Publisher: FinanzBuch Verlag (June…
Read More
Zero Hedge: US Negative Interest Rate Bets Surge To Record Highs
As the “deflationary supernova” sweeps across the world, dragging bond yields to zero-and-beyond, even the almighty omniscent Federal Reserve has been forced to capitulate…
Read More
Rationalizing ‘Rational’
Walter W. Heller was said to have been an “educator of Presidents.” As an economist and Presidential advisor in the inner circles of DC,…
Read More