Mises on 100-Percent Reserve Banking
By Edward W. Fuller Economists debate whether Ludwig von Mises advocated free banking or 100 percent reserve banking. This debate is significant. Mises states, “the…
Read MoreJune, 2019
Making sense of correlations in economics
Often we observe that two pieces of data, which are not supposed to have any relationship, appear to have very high visual correlation….
Read MoreStatistics and the facts of economic reality
The government’s releases of various economic indicators such as GDP, CPI and unemployment receive wide coverage in the media. In a measured and…
Read MoreForget velocity of money circulation
If there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity…
Read MorePaul Krugman’s Predictions about “Austerity” Aren’t Aging Well
Paul Krugman’s arguments do not fare well against evidence in a new book written by economists Alberto Alesina, Carlo Favero, and Francesco Giavazzi titled,…
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Is deflation about general decline in prices?
For most experts deflation is bad news since it generates expectations for a decline in prices. Because of this it is held, consumers…
Read MoreAntitrust’s Sordid History
By Donald J. Boudreaux As the 100th anniversary of the passage of the 1890 Sherman Antitrust Act approached, Robert Bradley wrote a book that included…
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Trade Wars, the prospects for freer trade and the impact on asset prices
Will the Sino-US trade war breed contagion? Will the dispute trigger a global recession? Has the era of freer trade ended? Will asset…
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