Karl Marx and Marxism at Two Hundred
byA specter continues to haunt the world, the specter of Karl Marx. Two hundred years ago, on May 5, 1818, the father of twentieth…
Wealth-Destroying Zombies
byThe hot topic in monetary economics today (hah, if it’s not an oxymoron to say these terms together!) is whither interest rates. The Fed…
Expectations and the Austrian Business Cycle Theory
byAccording to the Austrian Business Cycle Theory (ABCT) the artificial lowering of interest rates by the central bank leads to a misallocation of resources…
Is the US exporting a recession?
byThe Federal Reserve continue to raise rates as S&P earnings beat estimates The ECB and BoJ maintain QE Globally, corporations rely on US$ financing,…
Law of Comparative Advantage
byThe debates about Brexit and President Trump’s trade machinations have demonstrated the blindness of otherwise intelligent people to the Law of Comparative Advantage. Let…
The Welfare State Has Failed
byBy Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
Inflation or Employment
byInflationary fears are growing and US rates continue to rise Employment has become more flexible since the crisis of 2008/2009 Commodity prices have risen…
If GDP Lags, Watch the Economy GO
byThe Bureau of Economic Analysis will release its preliminary first-quarter growth figure on Friday. According to the Atlanta Fed consensus tracker, economists are predicting…
Where the US dollar is heading against the Euro?
byAfter closing at 1.051 at the end of December 2016, the price of the Euro in US dollar terms settled at 1.2321 at the…
Economics 101: Who Sets Prices?
bySince the advent of nineteenth century socialism, politicians and economists in the centre ground have argued for a balanced approach, where vital services are…