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…
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…