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…
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,…