Is the “fiscal cliff” a threat to the US economy?
The US Congressional Budget Office (CBO) said on August 22nd that scheduled tax increases and spending cuts in 2013 would reverse the current modest…
Economic growth and the pool of funding
The heart of economic growth is the availability of the means of sustenance to support the maintenance and the improvement of an economy’s infrastructure….
Can money pumping solve the European economic crisis?
Recently we have noticed that many more commentators and various important experts have been advocating aggressive monetary pumping by the European Central Bank to…
Inflationary expectations and US economic recovery
On July 3 2012 The Economist raised the issue of whether the Fed can do more to support the US economy given the fact…
Another “Operation Twist” will cause more damage to the economy
Last week the US central bank has announced that it will expand its “Operation Twist” program to extend the maturities of assets on its…
Does JP Morgan’s massive loss favour the argument for more controls?
On Friday May 1 2012, JP Morgan Chase & Co said it suffered a $2 billion trading loss. Some commentators have suggested that the…
The essence of Ludwig von Mises’s business cycle theory
In the slump of a cycle, businesses that were thriving come to experience difficulties or go under. They do so not because of firm-specific…
Contra Bernanke on the gold standard
In his lecture at George Washington University on March 20, 2012, Federal Reserve chairman Ben Bernanke said that under a gold standard the authorities’…
Did Bernanke prevent another Great Depression?
In a lecture given at the George Washington University on March 27, 2012 the Chairman of the Fed said that the US central bank’s…
Loose monetary and fiscal policies, not high levels of debt, are the real economic threat
In his Outside the Box E-Letter February 13 2012, respected economic commentator John Mauldin presents an interview with Dr Lacy Hunt, a highly regarded…