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…
When wonks go rogue
by“..The iron convention observed by almost everyone in showbiz: no matter which way you vote in private, you must always pretend in public that…
Does the Divisia monetary gauge help to define what money is?
byMost economists hold that, since the early 1980s, correlations between various definitions of money and national income have broken down. The reason for this…
Mario’s Squeezy-B
byHaving already touched upon the UK’s shaky fiscal position, all that really needs to be added, now that the Chancellor has actually delivered his…
Why inflation is not about general increases in prices
byThere is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of goods and services….