The impact of household debt and saving on long run GDP growth
byNeither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. Hamlet I,…
Gini and monetary policy
byOr how central bankers are ducking the wealth transfer issue Central banks must be increasingly aware that critics of monetary policy are getting some…
Toward Tax Freedom and Justice
byImproving Tax Choice through a more democratically-just, rules-based fiscal policy. Summary Although considerable resources are expended upon attempting to influence Government spending, advocacy of…
Benn Steil: Of Debt and Detriment
byIt is the exorbitant privilege of the United States that it can conjure the world’s primary reserve currency, Valéry Giscard d’Estaing, then French finance…
The Austrian Prescription
byAt the start of the year it has become wearily traditional for us pundits to offer one of two genres of prediction. The first…
Inflation: How it occurs and what are its consequences
byInflation: How it occurs and what are its consequences Guided by Austrian school economics, I have attempted to outline firstly the different mechanisms through…
Pool of wealth and economic bust
byIt has now become settled wisdom that the massive monetary pumping by the US central bank during and after the 2008 financial crisis saved…
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…