Trade Deficits Don’t Matter – Unless Caused by Government
byIn 2016, the United States exported goods and services equal to $2.209 trillion, and imported goods and services with a market value of $2.712…
Expected Losses are Not Baked into the Risk Weights
byBy Tim Bush and Kevin Dowd On December 15th 2015 there was an interesting exchange on the Treasury Committee between Steve Baker MP…
Treascomm Submissions for “Effectiveness and impact of post-2008 UK monetary policy”
byBelow are the submissions from Cobden Centre contributors on the “Effectiveness and impact of post-2008 UK monetary policy” for the Treasury Select Committee. Publications: https://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/inquiries1/parliament-2015/post-2008-uk-monetary-policy-16-17/publications/…
Jeffrey P. Snider: Unfortunately An ‘Official’ End To The Rising Dollar Isn’t More
byTIC data confirms that “reflation” captured more than just pricing sentiment. It appears to have occurred in bank balance sheet activity, and related official…
Does the existence of unemployed resources justify easy money?
byOnce an economy falls into recession many commentators tend to express concern that as a result of the economic slump there are now…
The ‘Free Market Multiplier Effect’
byOne of the basic concepts taught in first-year university economics classes around the world is the intuitively powerful though regularly abused ‘multiplier effect’. The…
Political Planning versus Personal Planning by Everyone
byIn politics everyone has a plan. A plan to “fix” the health care problem. A plan to “protect” the environment. A plan to “guarantee”…
Will Gold or Silver Pay the Higher Interest Rate?
byThis question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return…
Trumped or Stumped? The tax cut, the debt ceiling and riding the gravy train
byA corporate tax cut from 35% to 15% will cost US$200bln/annum A Border Adjustment Tax could raise US$100bln/annum The boost to GDP growth is…
How magical is the Keynesian multiplier?
byFor most economists and financial commentators the heart of economic growth is the increase in the demand for goods and services. The view is…