How Markets Price a Pandemic—and How They Lower Risk
In economic terms, war and pandemic are the same without even evoking imagery of the virus as an invisible enemy or of a long…
Best Books on the Folly of Socialism
“Less than seventy-five years after it officially began, the contest between capitalism and socialism is over: capitalism has won.” —Robert L. Heilbroner, “The…
Why the Fed’s Bazooka Will Not Stop a Wave of Corporate Defaults
By Benn Steil and Benjamin Della Rocca Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on…
The Fear Factor of Europe’s Public Debt
by Elisabeth Krecké Global debt has surged spectacularly in recent years and now stands at an all-time high of more than 322 percent of…
The Global Economy Won’t Bounce Back Soon
In February, the general consensus between large investment banks and supranational entities was that there would be a one-time hit to GDP in the…
Guest Post: Growing up is the journey from fairness to freedom
We grow up in the family. We expect fairness from our parents. Fairness in the family means equality, tempered by some measure of “to…
Let’s (Not) Panic Again
by Simon Sarevski Since time immemorial if you asked an adolescent whether he expects to live a better life than his parents the definitive…
From Zero Hedge ::: Lagarde – “We Should Be Happier To Have A Job Than To Have Savings”
Any hopes that the replacement of Mario Draghi, who on Halloween left the ECB more polarized than ever, as the core European nations revolted…
The Austrian School Warned, the ECB Didn’t Listen
by Alvaro Martin Looking at the current situation, one can easily perceive that our economic environment is not in the best condition. The whole…