Economic theory and long-wave cycles
byInvestors and others are confused by the early stages of accelerating price inflation. One misleading belief is in cycles of industrial production, such as…
Biden’s Demagoguery that Government Spending is Costless
byThere is only one way to describe the fiscal mindset of those in the White House and in Congress who are proposing new federal…
Have long-term US T-bonds entered bear market?
byBy Dr Frank Shostak After closing at 0.53% in July 2020 the yield on the 10-year US T-Bond moved relentlessly higher closing on Tuesday…
The Rise and Fall of the Japanese Miracle
byIn 1943, John Maynard Keynes claimed that central-bank credit expansion performs the “miracle of turning a stone into bread.” In its attempt to revive…
Morgan Stanley: We Are Approaching An Inflection Point In China Policy Easing
byFrom Zero Hedge: https://www.zerohedge.com/markets/morgan-stanley-we-are-approaching-inflection-point-china-policy-easing By Chetan Ahya, Chief Economist and Global Head of Economics at Morgan Stanley The past two months have seen successive…
Why dollars in our pockets have value?
byBy Dr Frank Shostak Why does the dollar bill in our pockets have value? According to some commentators, money has value because the government…
The Eurosystem and ECB are akin to the Soviet Era Monobank
byWe recently wrote about the extraordinary increases in debt financed by seemingly circular transactions between member state borrowing agencies and the ‘Eurosystem’ –the ECB…
The Eurozone Is Going down the Same Stagnating Road as Japan
byThe European Central Bank announced a tapering of the repurchase program on September 9. One would imagine that this is a sensible idea given the recent…
Without valid theory, the knowledge of the world of economics is not possible
byBy Dr Frank Shostak According to popular thinking, it is held that by means of statistical and mathematical methods one can organize an historical…
Modern Monetary Theory: the Name is New, but the “Theory” is Not.
byThe new kid on the economics block is something called modern monetary theory. The name is new, but the “theory” is not. Proponents adamantly claim…