Does UK need looser fiscal stance to cushion Brexit?
by“We are all Keynesians now, so let’s get fiscal” – this is one view according to Ambrose Evans-Pritchard[1] from The Telegraph who believes the…
Economics
Real vs. Nominal Interest Rates
byWhat is the real interest rate? It is the nominal rate minus the inflation rate. This is a problematic idea. Let’s drill deeper into…
Benn Steil: Portugal Gaining on Italy in the Banking ‘Doom Loop’
byItalian banks have taken a pounding of late from the ECB, the markets, and the media. They currently hold a whopping €360 billion in…
A crisis of intervention
by“For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from him shall be taken away…
Money Supply Arguments Are Flawed
byIt goes without question, among economists of the central planning mindset, that if a central bank can just set the right quantity of dollars[1],…
The FOMC Butterfly that Will Ruin the World
byFrom Bawerk.net Source: http://bawerk.net/2016/07/29/the-fomc-butterfly-that-will-ruin-the-world/ Imagine the financial crisis knocked you out and you did not wake up from the coma that followed until this day. Then,…
The real message from asset inflation
byThe earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies. Central…
The Central Planning Virus Mutates
byBy Pater Tenebrarum Chopper Pilot Descends on Nippon Readers are probably aware of recent events in Japan, the global laboratory for interventionist experiments. The theories…
Valuation Fallacies
byBy Jeffrey P. Snider Everyone knows about lies, damned lies, and statistics. The quote has been attached to Mark Twain who apparently attributed to…
Mental men prefer bonds
by“In a time of universal deceit, telling the truth is a revolutionary act.” George Orwell. Japan got there first. 15 years ago, we…