Saturn Devours His Children
byA recent Wall St Journal article gave vent to a scare-story full of Underconsumptionist claptrap, carried under the catchy headline: “The Coronavirus Savings Glut”….
The Chain Reaction Is Now In Process
byMuch has been written about the economic consequences of Covid-19, yet, just as in many of the analyses of the Great Depression and the…
After the flood – Beyond fiscal and monetary intervention
byMonetary and fiscal stimulus to ameliorate the effect of the pandemic has exceeded $9trln Stock markets have recovered, although most are below their…
The Deadliest Virus
byThe deadliest virus is the institutionalized coercion which lies in the very DNA of the state and may even initially permit a government to…
Convenience vs. Truth in Economics
byBy Nathan A. Kreider The great struggle in economic science has been the formulation of theories that accurately describe the real world. Though this…
Fed Accountability Is a Farce
byBy Robert Aro The Fed claims they are “accountable to the public and the U.S. Congress.” But what good is accountability, if the public…
Why the New Economics Just Boils Down to Printing More Money
by[Editor’s Note: this article is adapted from a 2003 essay in the Quarterly Journal of Austrian Economics entitled “New Keynesian Monetary Views: A Comment.” As economists…
Tragedies of Our Time: Pandemic, Planning, and Racial Politics
byAn old adage says that tragedies often come in threes. Certainly, the first half of 2020 has seen a version of this. First, the…
Savings the heart of economic activity
byIt is held by most mainstream economists that spending is the heart of economic activity. Economic activity is depicted as a circular flow…
Not Just Retail: Hedge Funds Flood Into Stocks; Net Leverage Highest In Over Two Years
byFrom Tyler Durden at Zero Hedge On Friday we officially entered the blow-off top phase of the current meltup: between a record surge in Nasdaq volume……