The present monetary system is heading for a breakdown
byBy Dr Frank Shostak By popular thinking a growing economy requires a growing money stock on the ground that economic growth gives rise to…
John Kenneth Galbraith’s The Great Crash, 1929: A Retrospective
byBy Russ Lemley The New Deal has been a key driver behind how the Democratic Party justified its hold on political power in the…
Markets Quake as Monopolist Capital Pursues a Technological Coup
byBy Brendan Brown A serious omission is notable in the circulating list of suspects responsible for the early August quake in global risk-on markets….
The Fed is holding interest rates steady. This won’t last much longer.
byBy Ryan McMaken The Federal Reserve’s Federal Open Market Committee (FOMC) announced today that it will maintain the current target policy interest rate (the…
Upcoming Artificial Intelligence Projects at the Cobden Centre
byAt the Cobden Centre we have done a number of interesting projects on AI over the years, including organising and moderating the artificial intelligence…
Central banks purchase gold to offset their own money destruction
byBy Daniel Lacalle Why is the price of gold rising if the global economy is not in recession and inflation is allegedly under control?…
This Little-Known Section of the Constitution Made America the World’s #1 SuperPower
by“There is always one, more prosaic, test of a nation’s position: Are people trying to get into it; or to get out of it?…
How Rent-Seeking Wrecks the Soul of Enterprise
byBy Kimberlee Josephson Whenever financial assistance or opportunities for achieving favorable gains are present, rent-seeking often follows. Rent-seeking, as conveyed by Robert Tollison refers…
Is increased consumer spending good for the economy?
byJust about every so-called business periodical touts an increase in consumer spending as “good for the economy.” But is this really so? Can we…
Defining what a recession is
byBy Dr Frank Shostak Most economic commentators consider a softening in economic statistics such as gross domestic product (GDP) as indicative of a likely…