Why Japan should not fight deflation
On January 22, 2013 policy makers of the Bank of Japan (BOJ) voted for a 2% inflation target, to be achieved “at the earliest…
Fed’s policies expose mainstream fallacies
At the annual meeting of the American Economic Association in San-Diego on January 4-6 2013 Harvard professor of economics Benjamin Friedman said, The standard…
Bernanke loosens further the monetary stance
On Wednesday December 12, 2012 Fed policy makers announced that they will boost their main stimulus tool by adding $45 billion of monthly Treasury…
Central bank policies and the Ireland and Iceland 2008-12 financial crises
There were a lot of commentaries regarding the Ireland and Iceland 2008-12 financial crises. Most of the commentaries were confined to the description of…
Why real interest rates can’t be calculated?
Would it be possible in a world without money to establish the rate of return on present goods in terms of future goods? In…
Is deflation a major threat to the eurozone?
In its October 2012 World Economic Outlook report the International Monetary Fund (IMF) said that the European Central Bank (ECB) should keep interest rates…
Why Krugman’s view on MMMF is completely wrong
In a recent Mises Daily article Mark Thornton has offered an excellent critique of why Krugman’s attack on the Austrian view of money market…
What’s behind Estonia’s success story?
Against the background of a severe economic crisis in the Euro-zone one is surprised to find a member of the Euro area that is…
Fed’s new monetary plan runs the risk of severely damaging the US economy
The US central bank announced on Thursday September 13, 2012 that it will expand its holdings of long-term securities with open-ended purchases of $40…
Has US monetary policy reached a dead end?
In his various speeches and comments the Chairman of the Federal Reserve Ben Bernanke has given the impression that the central bank’s monetary policy…