Economic Ideas: The French Physiocrats and the Case for Laissez-faire
byIn the middle decades of the eighteenth century two schools of thought emerged, one in France and the other in Great Britain that were…
Economic Ideas: Mercantilism as Monarchy’s Planned Economy
byThe Feudal System had resulted in the disintegration of the unity that much of Western, Southern, and Eastern Europe had known under the Roman…
Is the budget deficit an important problem?
byAccording to some commentators the US federal budget deficit still remains a major economic problem notwithstanding that it draws less attention than in the…
Introducing Yield Purchasing Power
byThe monetary debate seems artificially limited. On one side is Federal Reserve policy based on discretion. On the other is policy based on rules….
Britain Should Embrace Unilateral Free Trade Right Now
byIf we read the newspapers or listen to the experts, Britain faces two ways to negotiate its way out of the European Union without…
Enabling a Choice of Monies aligns with the ‘Northern Powerhouse’ ideal
byThe ‘Northern Powerhouse’ is one of the prominent (albeit perceived to be failing) public policy strategies that have not been discontinued by Theresa May’s…
“Subtle forward guidance”: The marriage between best practice central banking and commodity markets
byIn the years following the 2008 crash and today, the use of forward guidance from central banking policy makers has become increasingly important. What…
The Left’s Fed Up Makes A Naked Power Grab For Control Of The Fed
byThe left is undertaking an amazing back door plan to dramatically increase its influence over the Fed’s interest-rate-setting Open Market Committee. The key activist…
Is the glut of saving behind downtrend in natural interest rate?
byIn his speech at the New York Federal Reserve of New York on October 5 2016 the Federal Reserve vice Chairman Stanley Fischer has…
Economic Ideas: The Institutions and Economics of the Middle Ages, Part 2
byThe Catholic Church was the one institution in the Middle Ages that was outside of the Feudal Order of both the rural Manors and…