Regulation – the hidden curse
byRegulations are nearly always introduced with the best intentions. In financial services, they aim to stop unscrupulous brokers and banks from ripping off the…
Academic Skulduggery – How Ivory Tower Hubris Wrecks your Life
bySource: http://bawerk.net/2016/05/23/academic-skullduggery-how-ivory-tower-hubris-wrecks-your-life/ In the 1970s economists started to incorporate rational expectations into their models and not long after the seminal Kydand & Prescott (1977) article…
Fed Suppression, Long Term Economic Repression
bySource: http://bawerk.net/2016/05/19/fed-suppression-long-term-economic-repression/ The Federal Reserve really wants to raise rates, but they do not dare as the consequence of interrupting an unprecedented level of capital…
Why Deutsche Bank Thinks A Fed Rate Hike Would Unleash A Stock Market Crash
byFollowing this week’s FOMC Minutes shows, which violently repriced June rate hike odds from 4% to 30% and July from 20% to 50%, the…
The levee gonna break – Debt, demographics, productivity and financialization
byIn a March paper from the Kansas City Federal Reserve Bank – The Lasting Damage from the Financial Crisis to U.S. Productivity – the…
Alleviating Inequality through enabling a Choice of Monies
byAlthough the myriad of benefits that is entailed through a choice of monies (unemployment, trade, credit market and so on) has often been exposited,…
Governments Create Monopolies And Cause Worker Exploitation, Not Free Markets
byThe world is threatened with a renewed wave of anti-capitalism and anti-business sentiments and policies. Many who cheered the demise of Soviet communism in…
Raghuram Rajan: “The Ammo Is Almost Gone”
bySource: http://www.zerohedge.com/news/2016-05-16/mutiny-among-magic-people-india-central-banker-admits-ammo-almost-gone The self-described “magic people” who “give to the markets” are facing a mutiny this morning as Raghuram Rajan, the head of the Indian…
The Endgame
byThere is a growing fear in financial and monetary circles that there is something deeply wrong with the global economy. Publicly, officials and practitioners…
Arizona Governor Ducey Vetoes Gold
byIn my testimony in support of the gold legal tender bill this year, I discussed failing pension funds. Retirees who count on their pension…