Irrational Beliefs Are Ruling Markets
byTo understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of…
Does economic growth cause inflation?
byMost experts are of the view that as the economy gains strength the Fed must step in at some stage and introduce a tighter…
Benn Steil: Trump said the trade deficit hands jobs and wealth to other countries — here’s why that’s wrong
by“The United States has an $800 Billion Dollar Yearly Trade Deficit because of our ‘very stupid’ trade deals and policies,” tweeted President Trump in…
The Benefits of Issuing Gold Bonds
byA gold bond is debt obligation that is denominated in gold, with interest and principal paid in gold. As I will explain below, it’s…
Free Market Capitalism as the Antidote to the World’s Ills
byIn following the daily news events both in the United States and around the rest of the world, it is easy to get lost…
The growing pool of real savings permits the illusion that central bank can cause economic growth
byMany commentators are of the view that the US central bank should pursue policies that will prevent the possible decline of the economy…
CFR: Trump’s Tariffs Are Hurting U.S. Competitiveness
byby Benn Steil and Benjamin Della Rocca President Trump says that America running a trade deficit means that “jobs and wealth are being given to other countries.”…
Deutsche Bank’s Troubles Raise Worries About the Future of the Euro Zone
byThe euro banking sector is huge: In April 2018, its total balance sheet amounted to 30.9 trillion euro, accounting for 268 per cent of…
Singapore, Trade and Geopolitics
byThe Western media was incredulous. The Donald had disregarded diplomacy, scuttled out of the G7 meeting in Canada without endorsing the G7 agreement, and…
The Best Answer to Trump’s Tariffs: Free Trade
byIn the Bible it says, “He that is without sin among you, let him first cast a stone . . .” It also has…