The Fed’s Great Unwind: Will It Sink Us?
byIn the eyes of many people, the Federal Reserve (Fed) is an indispensable institution. We are told it supports growth and employment, fends off…
Are Economic Crises Inherent to Market Economies?
byIt is interesting to note that Marx, in his analysis of the capitalist economic system, basically concentrates on the study of the imbalances and…
Capitalism and Asymmetric Information
byCapitalism is a wondrous human institution for the mutual betterment for all in society. Yet, critics often insist that market systems enable sellers to…
Pool of funding the heart of economic growth
byMost experts are of the view that massive monetary pumping by the US central bank, the Fed, during the 2008 financial crisis saved the…
Why the positive time preference theory valid despite data contradiction?
byIn the Mises Institute daily articles column the Wire on November 21 2017 Doug French raised very important issue of negative interest rates. He…
It’s More Than Just The Absence of Acceleration, It’s The Synchronization Where There Should Be None by Jeffrey P. Snider
byby Jeffrey P. Snider According to the latest ECB figures, as of yesterday total “liquidity” added to the European banking system for that central bank’s…
Can Fed policy makers know the level of the neutral rate?
byIn her testimony to the Congress Economic Committee on November 29, 2017, the Fed Chair Janet Yellen said that the neutral rate appears to…
Cradles of Capitalism: the City-States of Greece and Italy
byBy Marcia Christoff-Kurapovna There long has been a persistent academic debate as to whether an “ancient economy,” referring mainly to Greece, even existed at all. In…
It was THIS big
byA theme which frequently pops up in current financial and economic commentary is that of the burgeoning levels of outstanding debt under which all…
Bull market breather or beginning of the end?
byStock markets have finally taken a breather over the last fortnight, although the S&P 500 has made a new, marginal, high this week. Cause…