Hayek vs Keynes at the LSE
byJuly 26th saw one of the most eagerly anticipated economic events of recent years. At the London School of Economics (former employer of Friedrich…
Brazil
byWith his history in the transfer market there is no guarantee that Carlos Tevez won’t still end up at Brazilian side Corinthians. But even…
Money out of “thin air”
byBy fulfilling the role of an intermediary, banks are an important factor in the process of real wealth formation. Banks facilitate the flow of…
The official start of the European transfer union
byThere are basically three scenarios for the future of the European Monetary Union as I argue in my book The Tragedy of the Euro….
Bernanke’s blind side
byThe world financial system is skating on thin ice, and that ice can crack at any moment. The instabilities of the global paper money…
The forgotten liberal ideas of M.K. Gandhi
byMohandas Karamchand Gandhi is now in the headlines once again, this time for an alleged ‘bisexual’ affair. Provocatively-titled biographies such as ‘Gandhi: Naked Ambition’…
Why doesn’t Free Banking work now?
byThe most basic theory of (fractional-reserve) free banking concerns the supply of money and demand for money. At some times the public on net…
What type of Free Banking do we want?
byThe article below represents the intellectual endeavours of two of the young stars of the Austrian School to address some of what they describe…
What is behind the predictive power of the yield curve?
byAfter rising to 3.33% in March, the differential between the 10-year US Treasury Note and the federal funds rate eased to 3.07% at the…
The privileged few have eaten everybody else’s lunch
byAnother great interview with Sean Corrigan on CNBC Airtime: Mon. Jul. 18 2011 | 7:00 AM ET Big US banks should have been allowed…