Risky business
by“In 1961, at the height of the Cold War, a B-52 bomber carrying two Mark 39 thermonuclear bombs accidentally crashed in rural North Carolina….
Why an increase in capital goods may not always be good for economic prosperity
byThe annual rate for US non-military capital goods orders excluding aircraft fell to 1.9% in September from 7.8% in August to stand at $69.6 billion. Observe that…
What Can Kill a Useless Currency
byThere is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and…
Not waving but drowning – Stocks, debt and inflation?
byNot waving but drowning – Stocks, debt and inflation? The US stock market is close to being in a corrective phase -10% off its…
Artificial Intelligence Speech at AAAI, Presentation at IMF, Meeting at World Bank
byCobden Centre Manager Max Rangeley Lectures on AI in Washington D.C. at the IMF, World Bank and Association for the Advancement of Artificial Intelligence…
Event Announcement: The Future of Money – 10 years after Lehman and Nakamoto
byI have the pleasure of speaking at the Future of Money Conference in Frankfurt next month on the 24th November. It should be a…
Why Luxury Goods Make Everyone Better Off
byRyan McMaken Listen to Ryan McMaken’s commentary on the Radio Rothbard podcast. One of the more persistent myths about capitalism is that wealth and resources…
Statistical analyses and facts of reality
byAccording to modern economics, various ideas that we have established about the world of economics emanates from historical data. By inspecting the data, an…
How Gibson’s paradox has been buried
byUntil the 1970s, all recorded history showed that bond yields were tied to the general price level, not the rate of price inflation as…
ADAM SMITH AND THE MAKING OF MODERN ECONOMICS
by(This paper is an expanded version of the first Adam Smith Lecture presented on September 24, 2018, at the Panmure House, Edinburgh, Scotland, sponsored…