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…
Can we use Blockchain to enable True Free Trade?
byI recently wrote about how Blockchain could potentially be used to make optional licensure a feasible reality (though I also professed that this was…
The Eventual Impact of Rising Bond Yields. Further Cracks Appearing in the ‘Global Consensus’ of Bank Supervision.
byCentral Banking Global Bond Market Yields are Rising The ECB’s recently announced 6 month extension of its QE programme reminds us that the speed…
Benn Steil: Is the Emerging Market Currency Plunge Really About Trade?
byEmerging market (EM) assets have taken a beating since Donald Trump’s surprise election victory on November 8. EM bond prices are down 4.4 percent,…
George Selgin: Has the Fed been Holding Down Interest Rates?
bySource: https://www.alt-m.org/2016/12/01/fed-holding-interest-rates/ ONCE UPON A TIME, when my twin brother and I were tots, our father convinced us that he could make a traffic light…
Economics Ideas: David Hume on Self-Coordinating and Correcting Market Processes
byDavid Hume was one of the most prominent of the Scottish Moral Philosophers. He is particularly famous as a philosophical skeptic, who, in his…
Unemployment and inflation: is there any relation?
byA fall in the US unemployment rate to 4.6% in November from 4.9% in the month before and 5% in November last year has…
Central Banks and Local Governments can help facilitate (greater) Monetary Freedom
byWhen considering moving towards a Free(r) Banking system in terms of enabling the genuine usage of multiple monies, the calls for such a system…
The Swiss Private Bankers Should Be a Model for Bankers Everywhere
byBy Marcia Christoff-Kurapovna for mises.org The strong showing in banking stocks may show some optimism following the presidential election victory of Donald Trump. But, a healthy…
Benn Steil: China’s Bond Market Can’t Handle a Global RMB
byThe Chinese RMB’s ascension into the IMF’s SDR currency basket in October has been widely seen as an important first step on its path to becoming…