The essence of goods prices determination
Why do individuals pay much higher prices for some goods versus other goods? The common reply to this is the law of supply…
Read MoreEconomics
Economic stability and economic growth
During the period 1920 to 1960, we can observe that the annual growth rate of production was more volatile than between the…
Read More
Debasing the Baseless – Modern Monetary Theory
Populist politicians are turning to Modern Monetary Theory Fiscal stimulus has not led to significant inflation during the last decade MMT is too…
Read MoreSubsistence fund the heart of economic growth
What characterizes the modern economy is its complex structure of production that seemingly generates an endless amount and a variety of goods. It…
Read More
Global Real Estate – Has the tide begun to recede?
Despite the fourth quarter shakeout in stocks, real estate values keep rising Financial conditions remain key, especially in a low rate environment Isolated…
Read MoreCentral Banking Is Central Planning
At a time when the appeal of and demands for a new “democratic” socialism seem to have caught the imagination of many among the…
Read MoreNeutral interest rate – the Fed’s impossible goal
It is widely accepted that by means of suitable monetary policies the US central bank can navigate the economy towards a growth path…
Read MoreChapter 7: Secrets, Ignorance and Lies: Money, Credit and Debt.
“The tyranny of fraud is not less oppressive than that of force.” John Taylor of Caroline, Virginia (1814). Our money system relies on…
Read MoreHow Asset Inflation Will End — This Time
Life after death for asset inflation: this is what happens when “speculative fever” remains high even after monetary inflation has paused. This may well…
Read More
Can expansionary fiscal and monetary policies counter recessions?
When signs of economic weakness emerge, most economics experts are quick to embrace the ideas of John Maynard Keynes. For most economists…
Read More