The Fed and ECB: Average inflation targeting for two
By Enrico Colombatto Regardless of the letter of their statues, the two major central banks of the West, the United States Federal Reserve and…
Central Banks and the Problem with Playing God
Today’s Western institutions have long been deemed to be sacrosanct. As a matter of fact, though, nation-states are increasingly met with reservation or even…
Japan Embraced Debt as a Way out of Its Budget Crisis. It’s Not Working.
The sudden resignation of Japans Prime Minister Shinzo Abe has led to evaluations of his so-called Abenomics. Many have praised Abe’s aggressive monetary policy…
The Future of Forecasting in a Post-Covid World
by Calum Nicholson When we reflect on the last half decade – from the domestic politics of the ‘west’ in the age of social…
The Fed Is Planning Another Ultralong Period of Ultralow Rates
Jerome Powell fielded questions from reporters Wednesday, and he made it clear that the Fed is a long, long way from abandoning its current…
An interesting animation on Rothbard’s theory of the Great Depression
This is well worth watching and nicely animates the analysis in Rothbard’s classic “America’s Great Depression”. https://www.youtube.com/watch?v=b0SW3BgwL14
The Social and Economic Side Effects of Negative Interest Rates
Our world is currently suffering from acute schizophrenia. Banks are pushing impact and sustainable investing like crazy, companies are subordinating their production sites and…
The Failures of the ‘War on Drugs’
I would like to congratulate drugs… for winning the war on drugs. Ever since its declaration by Richard Nixon in 1971, a vicious cycle…
Switzerland’s Approach to Giving the Economy a Lifeline
by Henrique Schneider One particularly important lesson to learn from the Covid-19 drama is which political decisions could help companies through the crisis. It…
Why the US Economy Is Stronger Than the Eurozone’s
The United States is showing resiliency and strength compared with other leading economies worldwide. The impact of the covid-19 forced shutdown crisis is lower in the United States…