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…
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…