Get to the chopper !
“‘Get to da choppa !’ “Short for the whole phrase that Dutch (played by Arnold Schwarzenegger) says in the movie Predator, which goes: “RUN!…
Read MoreEconomics
Central banks have done nothing to put an end to the boom-and-bust cycle
At the 2020 World Economic Forum in Davos, Bob Prince, co-chief investment officer at Bridgewater Associates, attracted attention when he suggested in a news…
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When the facts change
The coronavirus is a human tragedy, but the markets remain sanguine A slowing of global growth is already factored into market expectations Further…
Read MoreWhy US productivity data is questionable
According to the US Labor Department, workers productivity in the non-farm sector increased at an annual rate of 1.4% in the fourth quarter…
Read MoreExpectations and economic growth
In various writings, Milton Friedman argued that there is a variable lag between changes in money supply and its effect on real output…
Read MoreEstimating the shape of the coming crisis
With a recession become increasingly certain and the end of the expansionary phase of the credit cycle in sight, we can expect a periodic…
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The Theory and Brief History of Money and Banking
[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in late 2020.] The…
Read MoreWhy more money can’t generate economic growth?
The view that more money can revive an economy is based on the belief that money transmits its stimulatory effect through aggregate expenditure….
Read MoreLet’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…
Read MoreWhy assessing business cycles using the NBER approach is questionable
Most economists are of the view that by means of economic indicators it is possible to identify early warnings regarding an upcoming recession or…
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