How to Be a Light for Liberty in the New Year
byWith the beginning of 2017, what might be a “New Year’s resolution” for a friend of freedom? One answer is for each of us…
Merry Christmas from TCC: Treasury Select Committee to examine low interest rates
byNext year there will be a parliamentary enquiry into the effects of ultra low interest rates and other mechanisms of radical monetary policy. It…
The 25th Anniversary of the End of the Soviet Union
byDecember 24, 2016 marks the 25th anniversary of the formal end of the Soviet Union as a political entity on the map of the…
Will A Stronger Dollar Cause a Trade War with Europe?
byMarkets have not been slow to see through the hollowness of the European Central Bank’s announced (on December 8) curtailment of the pace of…
Talking about ‘Sticky Prices’ and Monetary Policy
byThe phenomena of ‘Sticky Prices’ (known also as ‘nominal rigidity’, ‘wage-stickiness’ and ‘price-stickiness’) is important in Keynesian thought and macroeconomic thought more broadly. Prices…
Can we use Blockchain to enable True Free Trade?
byI recently wrote about how Blockchain could potentially be used to make optional licensure a feasible reality (though I also professed that this was…
The Eventual Impact of Rising Bond Yields. Further Cracks Appearing in the ‘Global Consensus’ of Bank Supervision.
byCentral Banking Global Bond Market Yields are Rising The ECB’s recently announced 6 month extension of its QE programme reminds us that the speed…
Benn Steil: Is the Emerging Market Currency Plunge Really About Trade?
byEmerging market (EM) assets have taken a beating since Donald Trump’s surprise election victory on November 8. EM bond prices are down 4.4 percent,…
George Selgin: Has the Fed been Holding Down Interest Rates?
bySource: https://www.alt-m.org/2016/12/01/fed-holding-interest-rates/ ONCE UPON A TIME, when my twin brother and I were tots, our father convinced us that he could make a traffic light…
Economics Ideas: David Hume on Self-Coordinating and Correcting Market Processes
byDavid Hume was one of the most prominent of the Scottish Moral Philosophers. He is particularly famous as a philosophical skeptic, who, in his…