The Looming Mortgage Liquidity Crisis
By Doug French Every 10 years or so there is a banking crisis. We are due. However, the furthest thing from most people’s minds with…
Read MoreMarch, 2018
Augsburg: A Capitalist Hub at the Birth of the Modern
By Marcia Christoff-Kurapovna Beautiful Augsburg, city of bronzed doors and glory of the German Renaissance, occupies an unusual and mostly unknown position in the history…
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Stocks for the Long Run but not the short
In the long run stocks outperform bonds For a decade stocks, bonds and real estate have risen in tandem The risk of a substantial…
Read MoreStockman: Now It Begins—America’s State Wreck Gathers Steam, Part 1
Now it begins. They bought the February 8th dip just like the previous 40 odd plungelets in the stock averages since the March 2009 bottom, expecting another…
Read MoreWhy mainstream economics consistently fails to explain the occurrence of recessions?
In his article released on March 21 2018 – Economics failed us before the global crisis – Martin Wolf the economics editor of The…
Read MoreOn rational optimism
“We got stick for questions like, ‘Who came second in the last war?’” he recalled. “But the contestants weren’t always the brightest tickets —…
Read MoreTrump’s Protectionist Follies Threaten a Trade War
President Donald Trump has announced the planned imposition of a new, 25 percent tariff on imported steel and a 10 percent tariff on foreign…
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Can money pumping stimulate economic growth?
According to most economic experts when an economy falls into a recession the central bank can pull it out of the slump by means…
Read MoreCapitalist technology sustained the failed economic experiment of Soviet Communism
Despite the central role played by State controlled central banks and financial institutions in bringing about the conditions which led to the global credit…
Read MoreWhy Not Private Provision of Many Government Services?
One of the great controversies in modern society concerns the necessary and required functions of government. There are few who disagree that if government…
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