Let’s (Not) Panic Again
by Simon Sarevski Since time immemorial if you asked an adolescent whether he expects to live a better life than his parents the definitive…
Read MoreWhy assessing business cycles using the NBER approach is questionable
Most economists are of the view that by means of economic indicators it is possible to identify early warnings regarding an upcoming recession or…
Read MoreShould forecasting accuracy determine the acceptance of a theory?
In order to establish the state of the economy economists employ various theories. Yet what are the criteria for how they decide whether…
Read MoreThe Perils and Pitfalls of Political Paternalism
cross the spectrum of differing political views, whether “progressive,” “nationalist,” “populist,” or “conservative,” there is a common presumption in all of their policy positions…
Read MoreMonetary Massacre Theory
“A deeply disturbing account of the destructive potential of belief.” – Ammar Kalia, reviewing BBC Four’s Storyville: Jonestown – Terror in the Jungle. …
Read MoreLabour and the Gulag: the Labour Party’s record of support for totalitarian socialism
In 1910, Labour’s first leader, Keir Hardie, declared that “[Marx’s] memory is a consecrated treasure in the heart of millions of the…
Read MoreDo we need government to promote innovation and economic growth?
According to Mariana Mazzucato, the RM Phillips Professor in the Economics of Innovation at the University of Sussex, government is an important factor…
Read MoreWhy looking at the data without a theory cannot tell us much
For most so-called practical economists, information regarding the state of an economy is derived from the data. Thus if an economic statistic such…
Read MoreDoes the Friedman’s plucking model refute Mises’s boom-bust cycle theory?
According to an article in Bloomberg on November 5, 2019, Milton Friedman’s plucking theory seems to be vindicated. According to Friedman there appears to…
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Statistical misdirection
Economists who understand credit cycles expect the current cycle to enter its crisis stage at any moment. Furthermore, it combines with increasing trade tariffs…
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