High time to get real on interest rates
byHaving just managed to quell a dangerous rebellion among her fellow Committee members, it did not seem the most opportune time for Janet Yellen…
Perilous government finances
byPresident-elect Trump stated in his victory speech that he intends to make America great again by infrastructure spending. Unfortunately, he is unlikely to have…
Trump Is Not Seeking Yellen’s Resignation, But Won’t Nominate Her For A Second Term
byAs we reported first thing this morning, one of the burning questions troubling Wall Street at this moment, is whether president elect Donald Trump…
Investing through the Looking Glass
by“Winners of the 2017 American civil war will go on to face the winners of the 2017 British civil war in the final” – …
Have Central Bankers “Lost the Plot?”
byRecently, the UK Daily Telegraph ran a remarkable Op-Ed written by William Hague, the just-retired Conservative politician and former UK Foreign Secretary. The title…
Economic Ideas: The French Physiocrats and the Case for Laissez-faire
byIn the middle decades of the eighteenth century two schools of thought emerged, one in France and the other in Great Britain that were…
Economic Ideas: Mercantilism as Monarchy’s Planned Economy
byThe Feudal System had resulted in the disintegration of the unity that much of Western, Southern, and Eastern Europe had known under the Roman…
Is the budget deficit an important problem?
byAccording to some commentators the US federal budget deficit still remains a major economic problem notwithstanding that it draws less attention than in the…
Introducing Yield Purchasing Power
byThe monetary debate seems artificially limited. On one side is Federal Reserve policy based on discretion. On the other is policy based on rules….
Britain Should Embrace Unilateral Free Trade Right Now
byIf we read the newspapers or listen to the experts, Britain faces two ways to negotiate its way out of the European Union without…