MMT, Chartalism, and the Colonial Experience
byBy Joshua Mawhorter MMT poses two propositions: 1) that money originates according to the theory of chartalism, that is, money is essentially created and regulated by…
Economics
Cointelegraph: BlackRock flags quantum computing as risk for Bitcoin ETFs
byThe asset manager added a detailed overview of quantum computing threats to the risk disclosure in its Bitcoin ETF’s regulatory filing. Emerging technologies, including…
Schumpeter on the Dangers of the “Tax State”
byBy Joseph Solis-Mullen While Joseph Schumpeter and the Austrian School often find themselves at odds over fundamental questions in economic theory—particularly over value theory,…
500,000 Robotaxis To Hit China’s Streets By 2030
byChina’s robotaxi revolution is moving along at an accelerated rate when compared to any other country. By the decade’s end, Goldman analysts forecast that half a million…
Explaining Modern Financial Crises – Speech at the Austrian central bank
byGiven the current turbulence with respect to trade disruptions, it’s worth bearing in mind that the overwhelmingly important issue remains the $300 trillion global…
The Economics of Trump’s Tariffs vs Income Tax
byby Benn Steil and Elisabeth Harding President Trump has many times suggested that tariff revenue could replace the federal income tax. This claim is absurdly off-base,…
The Illusion of Inflationary Prosperity
byNothing is as enticing as a free lunch. The idea of getting something for nothing surely is appealing to almost everyone. You want a…
Terra Incognita
byWritten by Luca Martina We don’t know whether the trade war triggered by President Donald Trump stems from his ignorance of the potential consequences,…
Financial Repression Is Back, As Euro Debasement Continues
byIn June 2024, the European Central Bank (ECB) began lowering its key interest rate. Borrowing costs were reduced from 4.5 per cent to 2.5…
Economic growth and the stock market
byBy Dr Frank Shostak Most financial commentators are of the view that increases in the stock market strengthens economic growth. The reason being because…