Trade wars
byAn overt trade war has commenced. President Trump has fired the starting gun, setting in motion an election promise, part of his Make America…
The Council on Foreign Relations Guide to the Steel Tariffs
byIntroduction In March 2018, President Donald J. Trump announced he will apply across-the-board tariffs, or import taxes, on steel and aluminum. Trump argues that…
Are we nearly there yet? Employment, interest rates and inflation
byRising interest rates and inflation are spooking financial markets Unemployment data suggests that labour markets are tight Central Banks will have to respond to…
What is wrong with the popular definition of inflation?
byAccording to Mises, Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank…
Still None, And Even More Reasons To Expect None
byby Jeffrey P. Snider The parallels between the last few years and those at the end of the 1990’s are striking. There was a few…
Prudential regulation ?
by“Investment firms providing the service of portfolio management shall inform the client where the overall value of the portfolio, as evaluated at the beginning…
CommonWeal: Forget about the consequences of your actions
byPublic authorities would be allowed to seize land under the “Public Land Value Capture” proposal suggested by the think tank Common Weal. In short, public…
Currency exchange value dynamics
byIn a recent article I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant…
Does President Trump really care about the US
byOn Thursday March 1, the Trump administration announced plans to impose 25% tariffs on imports of steel and 10% tariffs on imports of aluminium….
Public Goods, National Defense, and Central Planning
byThe competitive market economy is a powerful institutional mechanism for bringing human ingenuity, energy and creativity to bear to improve both the material and…