Has Bitcoin come of age?
byBitcoin (BTC) has tripled and then halved since late March Even at BTCUSD 2000 total issuance amounts to $33bln Historic volatility is high (80%)…
Economics
Benn Steil: How Fairly Valued is China’s Currency? Big Mac and Mini Mac Square Off Again.
byThe “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does…
THE FICTION OF THE ‘GREAT CAPITAL REBUILD’
byThe central element of the Bank of England’s narrative on the UK banking system is the ‘Great Capital Rebuild’. To paraphrase Governor Carney’s comments…
Popularity is overrated
by“Remember what has happened. In an unnecessary referendum, a small majority chose an option they could not understand, because it had not been worked…
Simple and Meaningful Ways to Change American Health Care
byRam Nagarajan is an MBA graduate from the University of Chicago who believes in individual liberty, limited government and a market based approach to…
Zero Hedge: Fed Chair Janet Yellen Warns Congress US Debt Trajectory Is Unsustainable
byDuring her testimony this morning, Fed Chair Janet Yellen urged Congress to take into account the growth trajectory of the federal debt when making decisions…
The Bernanke-Yellen Bubble-Depression
byby Mark Thornton Source here: https://mises.org/blog/bernanke-yellen-bubble-depression In a recent article I advocated for a new way of naming business cycles. The new approach emphasizes the cause rather than the…
Why US wages growth remains subdued?
byThe yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4%…
Understanding money and prices
byThis article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is…
Borrowed time
by“Remainers who wish to reverse the vote should go live in a banana republic, where reversing undesired vote outcomes is de rigueur.” Tweet from…