Trump’s “American Greatness” Also Political Paternalism
byMind your own business. Every one of us has thought or said words to this effect when others have told us how to live…
Step-change at the Fed – Reaching for the stars
byThe Federal Reserve has changed the emphasis of their dual mandate Inflation targeting will become more flexible in the long-run Full employment has…
UNIDOS HACIA EL FUTURO
by“The markets are the product of 1999 & 2007 hooking up for a one night stand.” Tweet by Danielle DiMartino Booth (@DiMartinoBooth), 25th August…
Book Review: The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy
byThis article originally appeared in luckbox magazine, July 2020. In January, the Congressional Budget Office (CBO) released its Budget and Economic outlook for 2020…
An interesting animation on Rothbard’s theory of the Great Depression
byThis is well worth watching and nicely animates the analysis in Rothbard’s classic “America’s Great Depression”. https://www.youtube.com/watch?v=b0SW3BgwL14
The Social and Economic Side Effects of Negative Interest Rates
byOur world is currently suffering from acute schizophrenia. Banks are pushing impact and sustainable investing like crazy, companies are subordinating their production sites and…
Is laboratory in economics possible?
byIn the natural sciences, a laboratory experiment can isolate various elements and their movements. There is no equivalent in the discipline of economics….
The Failures of the ‘War on Drugs’
byI would like to congratulate drugs… for winning the war on drugs. Ever since its declaration by Richard Nixon in 1971, a vicious cycle…
Cut in government outlays is the true tax cut
byWe suggest that projects that government undertakes can be classified as wealth squandering. The fact that the private sector does not undertake these projects…
When does a recession become a depression?
byDefining a depression as opposed to a recession is open to wide interpretation Recessions are a natural part of the credit cycle Depressions…