The War on Cash: Haldane Edition
byThe Adam Smith Institute have recently published my report “Killing the Cash Cow: Why Andy Haldane is Wrong on Demonetisation” on Andy Haldane’s proposal…
Benn Steil: PBoC Spins China’s Bad-Loan Data
byIn a recent speech at Bloomberg’s headquarters in New York, People’s Bank of China Deputy Governor Yi Gang reassured his audience on the level…
The Moral Foundations of the Free Market Society
byHigher education in the United States is engulfed in an ideological campaign against the American political and economic traditions of individual liberty, free competitive…
Will technology change the prospects for emerging market growth?
byThe challenge to low-cost manufacturing in emerging markets is from technology Some industries will benefit but many jobs will be displaced globally The mercantilist…
Fed’s policy of price stability results in more instability
byFor most economists the key factor that sets the foundation for healthy economic fundamentals is a stable price level as depicted by the consumer…
Accommodative Monetary Policy is Encroaching on Fiscal Policy
byWe believe that the ECB is presently using monetary policy in effect to conduct fiscal, as well as monetary policy. Elected politicians should be…
The mystery behind economic growth
byWith sound money and free markets, the evolving production of businesses increases the purchasing power of money over time. We learn, out of the…
The Consumer Price Index, a False Indicator of Our Individual Costs-of-Living
byFor years the Federal Reserve and many other central banks around the world have declared that a key element of monetary policy is the…
Ambivalence toward Monetary Freedom is ubiquitous – Why?
byThe vast majority of people would either be up in arms or completely confused if the government suddenly said that all private bread producers…
What should be the correct money supply growth rate?
byMost economists believe that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money,…