Where is the US stock market heading?
byA report from America, previously published at Mises.org On Monday, August 8, the S&P 500 stock-price index fell 6.7 percent to close at 1,119.46….
Implosion of fiat monetary system continues
byYesterday’s stop losses were triggered in the Euro Swiss LIBOR futures market. After briefly touching 100 on Tuesday (Interest rate futures are priced as…
Assume for the sake of argument that there were missed opportunities, now what?
byDuring the financial crisis, my perspective has been hardened that the classical economist and even a hard nosed version of Austrianism is the appropriate…
Charles Moore reviews Keynes vs Hayek
byI was pleased to see the LSE’s recent Hayek vs Keynes debate picked up by Charles Moore at The Telegraph: The Hayekians, led by…
Are we doomed?
byWith so much bad news from the financial markets, it is becoming difficult to see the wood for the trees. This is my attempt…
Jamie Whyte discusses QE on Radio 4
byThe Cobden Centre’s Jamie Whyte appeared on BBC Radio 4 yesterday morning to discuss the prospect of further quantitative easing in the US and…
The Condensed Wealth of Nations and the incredibly condensed Theory of Moral Sentiments
byAdam Smith’s The Wealth of Nations is without doubt one of the most important books ever written. For it recognised that economic specialisation and…
June 2011 MA falls by 5.1%
byLast month I reported on a revised version of MA – an “Austrian” measure of the money supply – which suggested that the UK…
Hayek and monetary stabilization
byThis article was first published at the Adam Smith Institute on Saturday, 30 July 2011 At the Hayek v Keynes debate at the LSE…
The (quantity) theory of money and credit
byThe Quantity Theory of Money seems straightforward, but a little thought about it brings up many questions. Different economists have taken different approaches to…