Can sophisticated technology prevent a recession?
byThe world has come a long way since the heady days before the Great Depression of the 1930s. Technology, for one thing, has meant…
Italy Needs a Dose of Bugatti Capitalism
byby Marcia Christoff-Kurapovna There is a peculiar intellectual and emotional revulsion that comes with reading about Italy’s endless cycle of economic and political woes…
Mish Shedlock: In Search of Elephant in Room, Fed Governors Come Up Empty
byFed Governor Jerome Powell says “Signs of excesses are ‘isolated’. Asset Prices ‘not broadly unsustainable’“. The Federal Reserve does not see “broadly unsustainable asset…
Economic Ideas: Thomas Malthus on Population, Passions, Property and Politics
byThose of us who have been fortunate enough to have been born in what is often still referred to as the Western World (Europe…
Bawerk.net: Chinese Philosopher Kings, Losing their Yuan FX Religion?
byIt took a while, but the world are slowly coming to grips with the simple fact that the red-suzerains in Beijing are not the…
Why the free market is the best defence against the money multiplier
bySome commentators are of the view that the present monetary framework is instrumental for the emergence of the so-called money multiplier. Consider the case…
Jeffrey P. Snider: One Small (But Important) View of ‘Dollars’ From Europe
bySource: http://www.alhambrapartners.com/2017/01/03/one-small-but-important-view-of-dollars-from-europe/ Nothing says “fixed” quite like bureaucrats responding to a past crisis they did not foresee (and in the case of European bureaucrats, actively…
David Gordon on Mervyn King: Central Bankers Are Losing Faith in Their Own Alchemy
byMervyn King is the British Ben Bernanke. An eminent academic economist, who now teaches both at New York University and the London School of…
Bawerk.net: How to Invest in the New World Order
byIn our latest Toward a New World Order, Part III we ended by promising to look closer at investment implications from the political and…
Drifting into fascism
byMost people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people…