Elementary approaches on Freedom
by Michael Messal Source: https://www.austriancenter.com/elementary-approaches-on-freedom/ “Freedom is just another word for nothing left to lose.”i This quote from the song “Me and Bobby McGee by…
Read MoreSeptember, 2018
Can consumer surveys help ascertaining the future course of an economy?
In order to gain insight into the future state of an economy, many economists refer to a variety of consumer and business surveys….
Read MoreStrong GDP data and individuals’ wellbeing
In the New York Times September 14 2018 in an article – We’re Measuring The Economy All Wrong, the writer of the article David…
Read MoreA Real Agenda for a Renewal of Free Market Liberalism
To mark its 175th birthday, the highly regarded and widely read British news magazine The Economist published a “manifesto” in its September 15, 2018,…
Read MoreHong Kong and the road to recovery
We are following the road to perdition There is increasing awareness that another financial crisis is in the offing, and, of course, everyone has…
Read MoreHappy anniversary
“They have learned nothing, and forgotten nothing.” Attributed to Talleyrand. Since everybody else in financial media has been indulging in an orgy…
Read MoreMacro Aggregates Hide the Real Market Processes at Work
For the 12 months that ended in July 2018, price inflation in the United States, as measured by the Consumer Price Index, was 2.9…
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Everything is awesome
“What explains the complacency? One reason might be the absence of good ideas.” Martin Wolf in the Financial Times (‘Why so little has…
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Why the Fed Denied the Narrow Bank
It’s not every day that a clear example showing the horrors of central planning comes along—the doublethink, the distortions, and the perverse incentives. It’s…
Read MoreThe Fed and asset bubbles
In his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
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