The only thing we have to fear..
by“Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to…
Economics
Bonds and banks
byThis year has seen some big losses develop in the bond markets, though prices have stabilised in recent days. The chart above is of…
US Growth and employment – can the boon of cheap energy eclipse the collapse of energy investment?
byLast year’s oil price falls are still feeding through to the wider economy Oil producing states have remained resilient despite the continued lower price…
News from the richest country on earth
by“The co-authors began working on this book in 1974, just after the termination of President Nixon’s controls in the United States. Since that time,…
The fallacies of GDP
byThe common error of confusing growth with progress goes largely unnoticed, though it permeates all macroeconomic analysis. There is no better example of this…
Such terrible suspense
by“This suspense is terrible. I hope it will last.” – Oscar Wilde. Is there any investor out there not suffering from crisis fatigue…
Building concerns
by“As for the rest of the billions, it’s not clear precisely where that money went. There are some clues. FIFA’s personnel expenses were $397…
Seth Lipsky’s The Floating Kilogram, “The Federalist Papers For A Gold Standard”
byA recent article in The Week by progressive columnist Jeff Spross, How modern capitalism killed self-reliance, observed that “The gold standard is a niche…
On not adding, but taking away
by“Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.” – Charlie…
How Government Inaction Ended the Depression of 1921
by[This piece, by Lew Rockwell, was first published at mises.org here https://mises.org/library/how-government-inaction-ended-depression-1921] As the financial crisis of 2008 took shape, the policy recommendations were not…