FinTech Companies; little innovation and no reform of banking
byNew entrants into every aspect of banking were encouraged by two recent regulatory developments: the Open Banking initiative and the ‘sandboxing’ exemptions from regulations….
Collectivist Revivalism and the New Attack on Liberty
byAmerica and some other parts of the world are facing a “revivalist” movement, but rather than being a religious revival, it is an ideological…
Benn Steil: Housing Market Points to Recession By Election Day
byLooking back at the years preceding the 2008 financial crisis, a critical warning sign was the surging gap between the growth in home prices…
Progressivism Is An Imposter
by“What we’ve got here is a failure to communicate.” This became an often-repeated popular line after its use in the 1967 movie Cool Hand Luke….
A Wealth Tax Consumes Capital
byIt seems one cannot make a name for one’s self on the Left, unless one has a proposal to tax wealth. Academics like Tomas…
How the GDP framework creates the illusion that by means of money pumping the central bank can grow an economy
byIn response to a weakening in the yearly growth rate of key economic indicators such as industrial production and real gross domestic product…
The Disaster of Negative Interest Policy
byThose who had hoped that things could not get worse with the monetary policy of the European Central Bank (ECB) have been proven wrong….
Do banks require savings to accommodate demand for lending?
byThere is an emerging view held by many commentators that it is banks and not the central bank that are key for the expansion…
The Ghost of Failed Banks Returns
byLast week’s failure in the US repo market might have had something to do with Deutsche Bank’s disposal of its prime brokerage to BNP,…
Price Controls Attack the Freedom of Speech
byWe increasingly live in a new “dark age” of economic ignorance, and even stupidity. Few things exemplify this trend as much as the call for price…