BREXIT and Economic Growth – is there any link?
byOn Thursday June 23 2016 the people of Britain voted in a referendum to leave the European Union (EU). Most commentators view Britain’s exit…
Positively Natural – Pt I
byTHE CASE FOR POSITIVE INTEREST An Austrian rebuttal of Summers et al, in four parts THE TIME IS OUT OF JOINT Over the years,…
Durable Goods Add To The Idea of Depression (Small ‘d’)
byThere wasn’t anything new or surprising in the advance durable goods report. Shipments (ex transportation) were flat and orders were up 1% year-over-year (NSA)….
Will Japan be the first to test the limits of quantitative easing?
byThe Japanese stock market peaked in December 1989, marking the end of a period of economic expansion which briefly saw Japan eclipse the USA…
Bawerk.net: China’s Lender of Last Resort Conundrum
byIt took a while to play through, but our assessment that China would increasingly become the petro-state lender of last resort is starting to come…
Donald Trump, The Gold Standard, Maynard Keynes, And Our Madmen In Authority
byJune 5th was is the anniversary of the birth of John Maynard Keynes, once upon a time the great foe of the gold standard….
Blind Robbery! How the Fed, Banks and Government Steal Our Money
byEditor’s Note: Philipp’s terrific new book “Blind Robbery! How the Fed, Banks and Government Steal Our Money” is now available (Publisher: FinanzBuch Verlag (June…
Zero Hedge: US Negative Interest Rate Bets Surge To Record Highs
byAs the “deflationary supernova” sweeps across the world, dragging bond yields to zero-and-beyond, even the almighty omniscent Federal Reserve has been forced to capitulate…
Rationalizing ‘Rational’
byWalter W. Heller was said to have been an “educator of Presidents.” As an economist and Presidential advisor in the inner circles of DC,…
Why output gap is an empty abstraction
byAccording to popular thinking the key cause behind either inflation or deflation is the difference, or the gap, between what an economy is producing…