The questionable role of quantitative methods in economics
byMost economists consider the use of sophisticated mathematical and statistical methods key towards understanding the complexities of economics. They are of the view that…
Government budget deficit and economic growth
byThe US budget had a deficit of $32.6 billion in January compared with a deficit of $13.3 billion in December and a surplus…
Prof. Huerta de Soto’s seminal course in the Austrian School translated into English
byProf. Huerta de Soto would like to dedicate his university lectures to all the members, followers and friends of the Cobden Centre. These lectures…
The European Stability Mechanism is Critical to the Future Functioning of the Euro
byIn the ten years since the first iteration of the European Stability Mechanism (ESM) emerged, its status has changed markedly. Initially, it was just…
Why banks are not lenders as such?
byAccording to the popular way of thinking the subject matter of lending is banking activity. It is banks, so it is held that…
Happy 90th Birthday, Professor Israel Kirzner!
byEven in an era when modern medicine and technologies are adding to people’s lifetimes, along with the gains in general human economic betterment, it…
Get to the chopper !
by“‘Get to da choppa !’ “Short for the whole phrase that Dutch (played by Arnold Schwarzenegger) says in the movie Predator, which goes: “RUN!…
Central banks have done nothing to put an end to the boom-and-bust cycle
byAt the 2020 World Economic Forum in Davos, Bob Prince, co-chief investment officer at Bridgewater Associates, attracted attention when he suggested in a news…
When the facts change
byThe coronavirus is a human tragedy, but the markets remain sanguine A slowing of global growth is already factored into market expectations Further…
Why US productivity data is questionable
byAccording to the US Labor Department, workers productivity in the non-farm sector increased at an annual rate of 1.4% in the fourth quarter…