Bank of England not necessary, says landmark IEA ‘free banking’ book
byA new book outlines how the ‘free banking’ alternative to central banks can and has delivered stability and prosperity. Central banks have consistently failed…
Walter Block: Hats Off To Oregon
byBy Walter E. Block Many states have legalized marijuana, not just for medical purposes. They have also done so for entertainment, and hats off…
Underestimating debt traps
byThe sharp decline in US Treasury bond yields anticipates a pivot in Fed policy, which appeared to be justified this week by Chairman Powell’s…
Walter Block: I Ain’t Gonna Study War No Mo!
byBy Walter E. Block Wouldn’t it be nice if the Israelis and Hamas could settle their differences in court instead of through battle? We…
The British General Election of 1923: From Repeal of the Corn Laws to the End of Free Trade
byIn 1846, Richard Cobden’s long campaign bore fruit with Britain’s repeal of the Corn Laws, the tariffs which kept cheaper foreign wheat out of the country. The…
Can Milei Really Shut Down Argentina’s Central Bank?
byThe monumental fiscal and monetary hole that Peronists Massa and Fernández have left for Javier Milei is difficult to replicate. Ex-president Mauricio Macri himself explained…
The Money Supply Continues its Biggest Collapse Since the Great Depression
byMoney supply growth fell again in October, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight…
The trade account balance and the state of economy
byBy Dr Frank Shostak Some commentators consider the trade account balance as the single most important piece of information regarding the health of the…
The Dying Tiger: The Challenges Facing ASEAN
byThe Association of Southeast Asian Nations (ASEAN), an economic bloc consisting of ten nations, is no stranger to praise. By lifting tariffs on nearly…
Managing a crisis
byThis article concludes that the current downturn in bond yields is part of a continuing market manipulation by central banks in order to restore…