Commodities, Supply-chains and Structural Changes in Demand
byTalk of a new commodity super-cycle may be premature Once GDP growth returns to trend, commodity demand will moderate Fiscal and monetary relief are…
Interest rates and the Fed what is the relation?
byBy Dr Frank Shostak It is widely held that the central bank is a key factor in the determination of interest rates. By popular…
“Progressives” Blame F. A. Hayek for Everything They Dislike
byThere is the ideologically captured mind that squeezes all the complexities, diversities, uncertainties, and serendipities of life into one limited dimension of cause and…
Artificial Intelligence Guide for Policy-Makers Part 3
byThe Cobden Centre has worked on emerging technologies around the world. This has included organising the Future of Artificial intelligence Roundtable discussions in the…
Too much liquidity
byYesterday, the FOMC released its June statement which only served to remind us that its members are powerless in the face of inflationary conditions….
Corn Law repeal shows the progressive effects of freer trade
byAs Britain emerges from the European Union with the freedom to set its own trading arrangements, clear thinking on trade is more necessary than…
Robert Higgs on regulatory Harmonisation
byContemporary social and economic affairs take place within a bewildering complex of regulatory restrictions and requirements. Already profuse beyond comprehension, the labyrinth grows ever…
Is inflation about increases in prices?
byBy Dr Frank Shostak The recent large increases in the growth rate of the US consumer price index (CPI) has fueled concerns that if…
Inflation Is a Dangerous Way to Get Rid of Debt Burdens
bySuppose you lent someone $100, and when they paid you back they only handed you, say, $99 or $80. Would you consider the borrower…
Annual Austrian School Conference at Austrian Central Bank in Vienna
byThis is a great conference, I gave a speech there in 2019 and will be giving another this year. It’s very special to give…