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/
Sound Money Is Required for Real Budget Discipline
byNews here in the USA has been full of the latest farce known as raising or not raising the debt ceiling. After the usual…
Commodity Prices Debunk the “Blame Ukraine” Excuse for Inflation
byMost politicians have used the “Ukraine invasion card” to justify the massive inflationary burst in 2021-2023. It does not matter if inflation was already…
The essence of price determination
byBy Dr Frank Shostak Why do individuals pay much higher prices for some goods versus other goods? The common reply to this is the…
Sterling crisis ahead!
byThis article points to the factors driving sterling gilt yields higher. They are likely to lead to a sterling crisis as foreign selling gathers…
Speech in Austrian Central Bank
byIt was an honour to be invited to give a speech at the Austrian central bank last week on how Friedrich von Hayek’s business…
Price Inflation Growth Slowed Slightly in April. Now Wall Street Will Demand More Easy Money.
byThe federal government’s Bureau of Labor Statistics (BLS) released new price inflation data Wednesday, and according to the report, price inflation during April decelerated slightly, coming…