The Fed and low interest rate policy
byBy Dr Frank Shostak It is a commonly accepted view these days that the central bank is a key factor in the determination of…
The Economy May Be Finally Peaking, and the Fed Won’t Help Matters
byHere we go again it may seem to many. The Fed is preparing us for a policy tightening just when a powerful growth cycle…
Interest rates, money supply, and GDP
byThat the world is on the edge of a monetary and economic cliff is becoming increasingly obvious. And becoming more obviously permanent than transient,…
Transitory Inflation and Useless Ingredients
byTo listen to the audio version of this article click here Can you remember back to when you were two or three years old? Toddlers…
Monetary Policy Is in Turmoil
byMonetary policy is in turmoil. Ever since the financial crisis erupted eight years ago,* major central banks have fundamentally reformed the way they create and…
Where is the US dollar heading against the Euro?
byBy Dr Frank Shostak The price of the Euro in terms of the US$ closed at 1.135 in November against 1.156 in October and…
Central Bank Activism: Good Intentions, Bad Policy
byBy Kevin Dowd Talk to 39th Annual Cato Institute Annual Monetary Conference “Populism and the Future of the Fed” 18 November 2021 “Good afternoon, everyone….
Friedrich von Hayek’s Nobel Prize Banquet speech
byFriedrich August von Hayek’s speech at the Nobel Banquet, December 10, 1974 Your Majesty, Your Royal Highnesses, Ladies and Gentlemen, Now that the Nobel…
OPEC Can’t Make High Oil Prices Go Away
byHigh oil prices are a symptom of economic and monetary imbalances, not just a consequence of Organization of the Petroleum Exporting Countries (OPEC) decisions. Throughout…
The myth that money pumping can help economic growth
byBy Dr Frank Shostak By popular thinking, the role of the central bank is to navigate the economy along the so-called path of economic…