Look ma – no rules !
by“Hell, there are no rules here – we’re trying to accomplish something.” – Thomas Edison. Operating outside of a rule book may be…
Mises.org: The Problem With “Rules-Based” Monetary Policy
bySource: https://mises.org/library/problem-rules-based-monetary-policy Author: Tommy Behnke The phrase “rules-based monetary policy” has frequented conservative circles a lot lately. Republican presidential candidate Ted Cruz expressed his…
Introduction: Bank-Money
by‘BANK ROBBERY’ is not a book about how to rob a bank: it’s about how banks rob us. The title sounds a bit sensationalist:…
The truth about GDP
by“I can prove anything by statistics except the truth” – George Canning Canning’s aphorism is as valid today as when he was Britain’s Prime…
Review of Mirowskis Never Let a Serious Crisis go to Waste
byINTRODUCTION Philip Mirowski, known for his book More heat than light – economics as social physics, physics as nature’s economics in which…
The potential for Data-dependent Taxation via Data Science
by‘Big Data’ and ‘Data Science’ seems to be the buzzword across industries and is, in many ways, characteristic of both the rapidly evolving present…
Money supply versus money demand
byAccording to popular thinking not every increase in the supply of money will have an effect on economic activity. For instance, if an increase…
Seek and ye shall find
by“A man who wants to lead the orchestra must turn his back on the crowd.” – Max Lucado. So. Farewell then Jim Slater,…
Thanksgiving: Celebrating the Birth of American Free Enterprise
bySource: http://www.epictimes.com/richardebeling/2015/11/thanksgiving-celebrating-the-birth-of-american-free-enterprise/ This time of the year, whether in good economic times or bad, is when Americans gather with their families and friends and…
Zero Hedge: What Will Happen To Corporate Profits If The Fed Hikes In December
bySource: http://www.zerohedge.com/news/2015-11-20/what-will-happen-corporate-profits-if-fed-hikes-december Q3 will be the first quarter in which the US officially suffers an earnings recession: two consecutive quarters of declining annual EPS…