The real determinants of currency value
byThere are two components to the inflation story: the cycle of bank credit, which left to itself is self-cancelling, and the longer-term erosion of…
Money Blindness and Money Clarity
byInflation erodes economic value and distorts perceptions. People often blame rising prices instead of realizing the problem lies with the currency itself.Joakim Book Last…
Is deflation bad for the economy?
byBy Dr Frank Shostak For most experts, deflation is bad news since it generates expectations for a continued decline in prices. Because of this,…
Documentary Premier in the House of Lords
byOn Monday we premiered the Cobden Centre documentary Ex Nihilo: The Truth About Money in the House of Lords. There were introductory speeches by…
Updating Say’s law for modern times
byIt was Keynes’ offhand dismissal of Say’s law, or the law of the markets, in 1936 which is leading us into an economic and…
Expectations and the Austrian Business Cycle Theory
byAccording to the Austrian Business Cycle Theory (ABCT), the artificial lowering of interest rates by the central bank leads to a misallocation of resources…
Celebrating Adam Smith on His 300th Birthday
byThree hundred years ago, on June 5, 1723, one of the most important and influential thinkers in modern history, Adam Smith, was born in…
Are El Salvador’s Results with Bitcoin a Reliable Indicator for the Future?
bySamuel Hooton El Salvador’s adoption of Bitcoin as legal tender promised economic benefits, but limited adoption and volatility have led to failing results. Is…
Default by Inflation Is the Real Drama in the Global Debt Market
byThe real drama of default in global markets has not been the federal debt ceiling negotiations in Washington but the write-off by inflation. The…
Article in City AM on the Austrian School
byI had an article in City AM this week on the Austrian School – I hope you find it interesting! Article: https://www.cityam.com/weve-overegged-the-power-of-interest-rates-and-now-were-paying-the-price/