Total Output grew by 2.17% in 2012
byOctober 31st saw the belated release of the 2014 Input-Output Supply and Use Data. This is important because it incorporates a larger amount of…
Swiss Gold Initiative: Good Idea with Unintended Consequences
by[Editor’s Note: The Swiss voted no to the “semi-gold standard” that was proposed. However, important issues were raised that are relevant to all nations…
Striking gold
by“Sir, Martin Wolf in his article “Radical cures for unusual economic ills” suggests an abandonment of free market capitalism, as it has been practised…
Silly Conspiracy Theory: The Rothschilds control the world
by“Give me control of a Nation’s money supply, and I care not who makes its laws.” This quote frequently is attributed by conspiracy theorists…
Money Creation and Society Debate in Full
by[Editor’s Note: The “Money Creation and Society” debate, which took place in the UK Parliament on Thursday the 20th November 2014, is shown below…
Are major economies suffering from the deficiency of demand?
byIn his article “The curse of weak global demand”, Financial Times November 18, 2014, the economics columnist Martin Wolf wrote that today’s most important…
“Smacking a skunk with a tennis racket”
by“Finally, as expectations of rapid inflation evaporate, I want to contribute to the debate about the November 15, 2010 letter signed by 23 US…
Should economics emulate natural sciences?
byEconomists have always been envious of the practitioners of the natural and exact sciences. They have thought that introducing the methods of natural sciences…
That G20 meeting
byG20 gatherings of world leaders on the surface are all the same: they conclude with a meaningless anodyne statement that everyone can agree with….
Bank gearing in the Eurozone
byAccording to the ECB’s Bank Lending Survey for October banks eased their credit standards in the last quarter, while their risk perceptions increased. This…