Back to the future
by“Sir, Arnaud Montebourg, the former French economy minister and the sourest note in the Hollande repertoire, dares to complain of “absurd” austerity policies ?…
Economics
The wages-fuel-demand fallacy
byIn recent months talking heads, disappointed with the lack of economic recovery, have turned their attention to wages. If only wages could grow, they…
Yield curve and the US economy
bySo far in August the differential between the yield on the 10-year Treasury note and the yield on the 3-month Treasury bill stood at…
Storm warning
by“When Nobel Prize-winner Joseph Stiglitz was asked in Germany this week if the country and its neighbours would suffer a lost decade, his response…
Did “The Nixon Shock” Lead to Nixon’s Resignation?
byThis month we observe the 40th anniversary of the resignation, under threat of imminent impeachment, of President Richard M. Nixon. Nixon aide and loyalist…
Money, Macro & Markets
byFirst it was the government’s miraculous ability to deliver on-target GDP growth that got the permabulls bellowing again, then it was the striking (world-beating,…
Why doesn’t monetary pumping help economic growth?
byDespite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed…
QE will come to the eurozone – and, like elsewhere, it will be a failure
byThe data was not really surprising and neither was the response from the commentariat. After a run of weak reports from Germany over recent…
Carl Menger’s Revolution
by[Editor’s note: this article, by Mateusz Machaj, first appeared at mises.org] One often wonders whether differences in economic schools of thought are big enough to…
Stocks and the Stockdale Paradox
by“Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, you’re still around…