Contra Richard Koo and the Keynesians: it is not about ‘aggregate demand’ but about real prices
byI do not want to waste your time and my energy with shooting down misguided Keynesian schemes all the time, schemes that have been…
It’s a bird, it’s a plane, it’s … Congressman!
byAmericans just cast ballots for president, for the House, and for a third of the U.S. Senate, plus various local offices and referenda in…
Plus ça change
byConveniently coming just in time for the crucial Party conference, the official China PMI index inched above the 50-level watershed and so was enough…
Guido Hülsmann on Mises’s invaluable legacy
byDownload audio file: Guido Hülsmann on Mises’ invaluable legacy (29:45 min) Episode 63: 2012 marks the centennial of the publication of one of the Austrian School of economics’…
My kind of town (Chicago?)
byQuite a bit of media attention has been devoted recently to a working paper by two International Monetary Fund economists that re-examines the “Chicago…
Thomas Jacob on the Swiss Gold Franc Association
byDownload audio file: Thomas Jacob on the Swiss Gold Franc Association GoldMoney’s Andy Duncan interviews Thomas Jacob, President of the Swiss Gold Franc Association –…
All power to the state! – money madness at the IMF
byYou cannot escape an all-pervasive sense of crisis these days. Impending doom does not only announce itself in actual events but also via the…
Pity the central banker
byIf central banking were a stock, you’d go short. Blue-chip mystique still clings to it but you can feel the reputational parabola slowly gathering…
Why real interest rates can’t be calculated?
byWould it be possible in a world without money to establish the rate of return on present goods in terms of future goods? In…
The free market’s slow death
byMuch has been made in the press of the manipulation of LIBOR, without much explanation of the consequences for prices of all things that…