Quantitative to qualitative – is unelected nationalisation next?
byLast year, in a paper entitled The Stock Market Crash Really Did Cause the Great Recession – Roger Farmer of UCLA argued that the…
Interest rates and gold
byIt is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates…
David Stockman: Yelling ‘Stay’ In A Burning Theater—–Yellen Ignites Another Robo-Trader Spasm
bySimple Janet has attained a new milestone as a public menace with her speech to the Economic Club of New York. It amounted to yelling “stay” in a burning theater!…
The triumph of the invisible hand
by“By virtue of exchange, one man’s prosperity is beneficial to all others.” Frédéric Bastiat. It remains one of the most powerful metaphors in…
Mises.org: And So It Begins… Negative Interest Rates Trickle Down in Japan
byThe negative interest rates imposed by the Bank of Japan have begun to make their way into the Japanese banking system. Japanese trust banks…
Benn Steil: Why is Paul Krugman Still Calling for Fiscal Stimulus?
byNobel economist and New York Times columnist Paul Krugman is fond of mocking his critics for being ideologues rather than economists. In contrast, Krugman’s…
Eugen Böhm von Bawerk: OPEC’s Doha Dilemma: 3mb/d US lock in?
byAnother month, another flight to Hamad international airport for 17th April after initial agreement to hold ‘upstream horses’ in February 2016. While it’s no…
Benn Steil: The Trump-Sanders China Syndrome
byPresidential candidates Donald Trump and Bernie Sanders, with a phalanx of lawmakers behind them, continue to bash China as a “currency manipulator.” Both men…
Guessing the future without Say’s law
byWith Japanese and Eurozone interest rates becoming increasingly negative, and the Fed backing off from at least some of the planned increases in the…
Our survey said
by“It is because the public are a mass – inert, obtuse and passive – that they need to be shaken up from time to…