Venezuela’s Bizarre System of Exchange Rates
byBy Emiliana Disilvestro and David Howden Venezuela is currently going through its worst crisis in history, replete with an endless list of interesting problems….
The Government Must Stop Printing Phoney Money
byIf advocates of freedom were to make up a list of New Year’s resolutions for 2016, one of the most important items should be…
History repeats
by“The proper behaviour all through the holiday season is to be drunk. This drunkenness culminates on New Year’s Eve, when you get so drunk…
Falling Interest Causes Falling Profits
byMost people assume that prices move as a result of changes in the money supply. Instead, let’s look at the effect of changes in…
Why the Fed will never succeed
byThe Fed will never succeed in its attempt to manage inflation and unemployment by varying interest rates, because it and its economists do not…
Janet Yellen Fights the Tide of Falling Interest
byOn Wednesday Dec 16, Federal Reserve Chair Janet Yellen announced that the Fed was raising the federal funds rate by 25 basis points. Let’s…
The Three Kings (and One Queen)
byMerry Christmas from The Cobden Centre! With apologies to the spirit of Henry Wadsworth Longfellow Three Kings came a-riding from far, far…
Is the US heading for an economic bust?
byOn Wednesday December 16 2015 Federal Reserve Bank policy makers raised the federal funds rate target by 0.25% to 0.5% for the first time…
A Free Market in Interest Rates
byUnless you’re living under a rock, you know that we have an administered interest rate. This means that the bureaucrats at the Federal Reserve…
The hike before Christmas
by“Christmas at my house is always at least six or seven times more pleasant than anywhere else. We start drinking early. And while everyone…