Joseph Y. Calhoun: Pump It Up
byShe’s been a bad girl. She’s like a chemical. Though you try to stop it, she’s like a narcotic. You wanna torture her. You…
Price controls and propaganda
byMost economists agree on one thing; price controls do not work. Many go on to say they create shortages of goods, which inevitably drives…
Zero Hedge: With The Greek Crisis Back, There Are Five Possible Scenarios From Here
byAs discussed last Friday, Greece is back in the public spotlight and – hardly surprising – it is once again on the verge of…
Steve Mnuchin Defends the Myth of Fed Independence
byBy Tho Bishop One of the biggest surprises during Donald Trump’s unconventional presidential campaign was his frequent criticism of the Federal Reserve. Though he was…
The Economic Nationalism of Donald Trump
byDonald Trump has hardly taken his hand off the Bible upon which he took the presidential oath to preserve, protect and defend the U.S….
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,…