Inflation-Loving Governments Are Now Blaming Private Businesses for Inflation
Last week, Ned Davis Research published a note titled “Turns Out, Growth Looks like It Was Transitory—Inflation Is More Sticky.” There are many factors that show…
The Rise and Fall of the Japanese Miracle
In 1943, John Maynard Keynes claimed that central-bank credit expansion performs the “miracle of turning a stone into bread.” In its attempt to revive…
The Eurozone Is Going down the Same Stagnating Road as Japan
The European Central Bank announced a tapering of the repurchase program on September 9. One would imagine that this is a sensible idea given the recent…
Modern Monetary Theory: the Name is New, but the “Theory” is Not.
The new kid on the economics block is something called modern monetary theory. The name is new, but the “theory” is not. Proponents adamantly claim…
Estonia After 30 Years of Independence: A Role Model for Europe
by Federico N. Fernández Communism was the worst tragedy ever to befall mankind. However, the brave Estonians weathered the storm and, once they had regained…
Jim Rickards: Is A Global Liquidity Crisis Underway?
I’ve been analyzing currency wars for years. In fact, I’ve written a book called Currency Wars, so I have some expertise in the subject. A…
Carl Menger Explains Value
By Antony P. Mueller The General Concept of Value The value of a good results from the knowledge that each partial attainment of that…
Scenarios for China’s dual circulation strategy
by Dr. Junhua Zhang In May 2020, President Xi Jinping unveiled the dual circulation strategy (DCS). The plan aims to create a new development…
The EU’s proposed regulation of markets in crypto assets
by Professor Elisabeth Krecké Cryptocurrencies are no longer a marginal phenomenon limited to nerdy online communities. They are increasingly acquired by companies, investment funds…
The Bear’s Lair: The Oxfordshire School of economic thought
MARTIN HUTCHINSON Oxfordshire, beautiful rolling land of small villages before 1900, may seem (outside the eponymous University itself) an unlikely seedbed for an economic…