More Government Debt as Far as the Fiscal Eye Can See
byor the last two years, the federal government has been legally at liberty to borrow any amount of money necessary to cover its deficit…
Western socialism and Eastern capitalism
byThere has been a significant shift in geopolitics in recent months, with the US consciously deciding to withdraw from Asian conflicts, notably in Afghanistan….
The EU’s proposed regulation of markets in crypto assets
byby Professor Elisabeth Krecké Cryptocurrencies are no longer a marginal phenomenon limited to nerdy online communities. They are increasingly acquired by companies, investment funds…
Gold standard and boom bust cycles
byBy Dr Frank Shostak According to the Austrian Business Cycle Theory (ABCT), the boom-bust cycle emerges in response to a deviation in the market…
A Review of the Book Salazar: The Dictator Who Refused to Die By Tom Gallagher
by(London: Hurst & Company, 2020, 350 pages) By Jesús Huerta de Soto I was a small child when I first heard Salazar, the Portuguese…
The Bear’s Lair: The Oxfordshire School of economic thought
byMARTIN HUTCHINSON Oxfordshire, beautiful rolling land of small villages before 1900, may seem (outside the eponymous University itself) an unlikely seedbed for an economic…
Review: Austrian Economics – An Introduction by Steven Horwitz
byJune 27 saw the passing of economist Steven Horwitz at the age of 57. His loss will be felt by all who value not…
Inflation or Lockdown Whiplash?
byMainstream analysis sees rising consumer prices, and looks for a monetary cause. Also, when it sees an increase in the quantity of dollars, it…
This Is a Weak Jobs Recovery
byBy Daniel Lacalle The United States’s jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and…
The Phillips curve myth
byBy Dr Frank Shostak According to a popular way of thinking, the central bank can influence the rate of economic expansion by means of…