Why in a pure free market dollar cannot be an independent entity?
Prior to 1933, the name “dollar” was used to refer to a unit of gold that had a weight of 23.22 grains. Since…
Read MoreFebruary, 2018
Central Bank Musical Chairs
If recent stock market volatility is interrupting your sleep, Jim Bianco and CNBC’s Rick Santelli are saying, get used to it. The total assets of all central…
Read MoreA Roman lesson on inflation
“While it is the duty of the citizen to support the state, it is not the duty of the state to support the citizen” –…
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Can economic data by itself provide early warning regarding boom-bust cycles?
Most economists are of the view that by means of economic indicators it is possible to identify early warning signs regarding an upcoming recession…
Read MoreWhen will the next credit crisis occur?
The timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the…
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Margin of error
“Son, we live in a world where markets have been distorted by vast amounts of QE, and that QE has to be fought by…
Read MoreWhat Is Optimal Monetary Policy, Anyway?
Ever since the important contributions of new classical economists Finn E. Kydland and Edward C. Prescott during the 1970s and 80s, modern macroeconomics seeks…
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Stockman: Good Riddance! How “Opioid Janet” Got Wall Street Hooked On Monetary Heroin, Part 2
Janet Yellen deserves exactly none of the adulation being conferred upon her tenure by the mainstream financial press. In fact, her reign will be judged…
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A safe place to hide – inflation and the bond markets
US bond yields have risen from historic lows, they should rise further, they may not The Federal Reserve is beginning to reduce its balance…
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Stockman: Good Riddance, Janet, You Were A Colossal Failure, Part 1
This is one for the record books. During Janet Yellen’s last week in office, the Dow dropped by 1,095points or 4.1%. But by her lights, apparently, that wasn’t…
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