The neutral interest rate myth
byIn his speech to the Economic Club of New York on November 28 2018, the Federal Reserve Board Chairman Jerome Powell said that…
Why velocity of money and the purchasing power of money are not related?
bySome commentators are of the view that when the velocity of money rises, all other thing being equal, the buying power of money…
Why China should remove all trade tariffs
byI am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay…
The Imperial Presidency Embodies Political and Economic Hubris
byHistorian Arthur M. Schlesinger coined the term “imperial presidency” in the 1960s. It was meant to indicate that the role of the president of…
First Ever Austrian School Event in European Parliament
byLast week we had the first ever Austrian School event in the European Parliament. The introduction was by Annette Godart-van der Kroon, President of the…
Money growth and inflation – is there a connection?
byAccording to many mainstream economists, a lack of good correlation between the monetary growth and the growth rate of various price indexes casts doubt…
The Fed Is Tightening More Than It Realizes
byby Benn Steil and Benjamin Della Rocca at CFR https://www.cfr.org/blog/fed-tightening-more-it-realizes Before the 2008 collapse of Lehman Brothers, the Fed’s balance sheet stood at $925 billion—mostly U.S. Treasury securities. After…
Easy monetary policy and the pattern of consumption
byWith meagre resources at his disposal, an individual is likely to allocate these resources i.e. his wealth towards essentials such as food, clothing…
Coffee Sellers Are Not Fundamentally Different from Banks
byBy Joakim Book With the 2007-8 financial crisis came a splendid alphabetical soup of central bank interventions to stimulate financial markets, lower interest rates, provide…
Second Annual Conference on Austrian Economics in Madrid
byThe conference, originated by Jesus Huerta de Soto, was a great success. I will write more soon. It would be good if more Cobden…