Will technology change the prospects for emerging market growth?
byThe challenge to low-cost manufacturing in emerging markets is from technology Some industries will benefit but many jobs will be displaced globally The mercantilist…
Economics
Fed’s policy of price stability results in more instability
byFor most economists the key factor that sets the foundation for healthy economic fundamentals is a stable price level as depicted by the consumer…
Accommodative Monetary Policy is Encroaching on Fiscal Policy
byWe believe that the ECB is presently using monetary policy in effect to conduct fiscal, as well as monetary policy. Elected politicians should be…
The mystery behind economic growth
byWith sound money and free markets, the evolving production of businesses increases the purchasing power of money over time. We learn, out of the…
US 30yr Swaps have yielded less than Treasuries since 2008 – does it matter?
byWith 30yr Swap yields below T-bond yields arbitrage should be possible Higher capital requirements have increased the cost of holding T-bonds Central clearing has…
Give us another Oil boom
byDear Lord, Y’all give us another oil boom… If there is one sector of the US economy where an Austrian-style Boom-and-Bust bust has taken…
Auditing the Fed Is Now More Important than Ever
byBy Jonathan Newman Last week, the House Committee on Oversight and Government Reform approved a bill submitted by Thomas Massie (R-KY) to allow Congress to…
‘Nowhere To Go But Up’ Survives Because The Fed Refuses To Be Honest About Its Assessment of the Output Gap
byby Jeffrey P. Snider The Federal Reserve under Ben Bernanke committed several unforgivable mistakes during his tumultuous tenure, but cumulatively they could be easily…
Trump’s Economic Warfare Targets Innocent Bystanders
byAn often forgotten truth is that it is not just military warfare that can cause injury to innocent bystanders, the same inescapably happens in…
Yellen’s Balance Sheet Baloney
byBy George Selgin Of the many questions reporters asked Janet Yellen on Wednesday, at her press conference following the FOMC’s decision to raise the Fed’s policy…