Free Markets Do Not Need Negative Interest Rates
Martin Wolf, associate editor and chief economics commentator at the Financial Times, seems to have forgotten the nature of interest rates and their coordinating…
Mises.org: Keynes’s Critique of Econometrics Is Surprisingly Good
In a recent article we had a brief look at Ragnar Frisch’s (1895–1973) vision of econometric model building. As mentioned, Frisch was the first…
Bawerk.net: Hillary Will be the Least of Your Worries – America has Economic Diarrhea
According to the National Bureau of Economic Research (NBER), the official recession arbiter, the US economy is currently at its fourth longest expansion in…
David Stockman: What Comes Next——Krugman’s Fiscal Equivalent Of War
Somebody must have reinstated Paul Krugman’s passport. He was recently back in Japan to meet with the world’s leading economy-wrecking triumvirate —-Prime Minister Abe, BOJ Governor Kuroda…
Eugen Böhm von Bawerk: Chinese Dragon: Breathing Credit Fumes
Economic forecasting, no matter how complex the underlying model may be, is essentially about extrapolating historical trends. We showed last week how economic models…
Benn Steil and Emma Smith’s Global Monetary Tracker
Emma Smith and I have created a new web-based tool for tracking monetary policy developments around the world. The CFR Global Monetary Policy Tracker…
Zero Hedge: What The Market Thinks Are The Biggest “Tail Risks” Right Now
When BofA’s Michael Hartnett releases his monthly Fund Managers’ Survey, the one chart we always focus on is the one showing what the “smart…
David Stockman: Yelling ‘Stay’ In A Burning Theater—–Yellen Ignites Another Robo-Trader Spasm
Simple Janet has attained a new milestone as a public menace with her speech to the Economic Club of New York. It amounted to yelling “stay” in a burning theater!…
Mises.org: And So It Begins… Negative Interest Rates Trickle Down in Japan
The negative interest rates imposed by the Bank of Japan have begun to make their way into the Japanese banking system. Japanese trust banks…
Benn Steil: Why is Paul Krugman Still Calling for Fiscal Stimulus?
Nobel economist and New York Times columnist Paul Krugman is fond of mocking his critics for being ideologues rather than economists. In contrast, Krugman’s…