The Fed and asset bubbles
According to the Financial Times from October 18th 2020, senior Federal Reserve officials are calling for tougher financial regulation to prevent the US central…
Read MoreEconomics
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…
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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…
Read MoreCan constant money growth rule prevent boom-bust cycles?
According to the Nobel Laureate in Economics, Milton Friedman, the key cause of the business cycles is the fluctuations in the growth rate of…
Read MoreThe 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…
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A brief history of economic policy triumphs
“If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand.” Milton Friedman. Shortly…
Read MoreWhy inflation is not about general increases in prices
For most commentators, inflation is about general increases in the prices of goods and services. From this, it is established that anything that contributes…
Read MoreIs demand independent of production?
Following the ideas of John Maynard Keynes and Milton Friedman, many commentators associate economic growth with increases in the demand for goods and services….
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How Central Banks Created a $250 Trillion Global Debt Bubble
We created this animation a couple of years ago which we have used in various settings. Feel free to forward around as a brief…
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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…
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