Jeffrey P. Snider: Economic Hope As Inventory
byInventories in the fourth quarter rebounded rather sharply, at least in terms of how inventory is calculated as a contribution to GDP. The GDP…
Global trade update
byThe easy pattern of prolonged trade negotiations has been rudely interrupted by President Trump. Europe The easy pattern of prolonged trade negotiations has been…
Should cash be eliminated?
byAt the World Economic Forum in Davos Switzerland, Joseph Stiglitz the Nobel Prize-winning economist argued in favor of phasing out currency and moving towards…
Doug Casey: Comparing the 1930s and Today
byYou’ve heard the axiom “History repeats itself.” It does, but never in exactly the same way. To apply the lessons of the past, we…
James Mill, David Ricardo and the Triumph of Free Trade
byWe are in the midst of marking the centenary of the First World War, which was fought from 1914 to 1918. But, in fact,…
Can the Fed tighten without rocking the economy?
byFed policy makers are of the view that the correct interest rate policy could bring the economy onto a path of economic stability and…
Benn Steil: Mini Mac Trumps the Big Mac
byThe “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does it…
Great news for fans of monetary freedom – Liberty Dollar minter Bernard von NotHaus gets a presidential pardon …
by… from president-elect Trump on the day before his inauguration: Readers will remember my dear friend Bernard, the Liberty Dollar man and self-confessed…
Central Banks Pray for Electoral “Shocks”. Forced to Nationalise Monte dei Paschi, Italy Looks in Trouble, but Cleverly Plays its Sicilian Defence.
byCentral Banking How will Central Banks cope with 2017 shocks? Perhaps new rules, one-off solutions, doubtless lots more QE. Populism will perhaps be their…
Economic Ideas: David Ricardo on Wealth, Inflation, and Freedom
byDavid Ricardo (1772-1823) was one of the most influential economic theorists of the first half of the nineteenth century. Born in London, England, his…