Can’t argue with a confident man
by“I can say therefore with confidence – and without any complacency – that we will secure the return of inflation to 2% without undue…
The Fed’s in a bind
byOne can understand the Fed’s frustration over the failure of its interest rate policy, and its desire to escape the zero bound. However, since…
How Money Disappears in a Fractional-Reserve Money System
byMost experts are of the view that the massive monetary pumping by the US central bank during the 2008 financial crisis saved the US…
Will a GDP Futures Market Be Liquid?
byAt the Cato Monetary Conference this week, Scott Sumner said he had a “modest” proposal, that there should be a highly liquid futures market…
“Democratic Socialism” Means the Loss of Liberty
bySource: http://www.epictimes.com/richardebeling/2015/11/democratic-socialism-means-the-loss-of-liberty/ Democratic Party hopeful, Bernie Sanders, recently outlined what it means for him to be a “democratic socialist.” The problem is that the…
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…