Motown breaks down
byThe 2,500 seat Eastown Theatre hosted The Who and The Kinks. The Cass Tech High School taught Diana Ross and John DeLorean. Michigan Central…
Economics
The German way of 1923
byI chanced this morning on the superb collection of essays from Ludwig von Mises, The Causes of the Economic Crisis and Other Essays Before…
King Carney fails to command the tides
by“Sir, Martin Sandbu writes: “We should not worry about inflation – if we strip out volatile or policy-driven elements, it stands at 1.5%, according…
The injustice of easy money is going mainstream
byThe Daily Mail reports Interest rates: How keeping them at a record low is a deliberate government ploy to pay off its debts: A stealth…
In Defense of the Euro (An Austrian Perspective)
byProfessor Jesus Huerta De Soto sent me a copy of his new film called “In Defense of the Euro (An Austrian Perspective)”. You can…
Money demand and banking – some challenges for the “Free Bankers”
byWithin the Austrian School of Economics there has long been disagreement and therefore occasionally fierce debate about the nature and consequences of fractional-reserve banking,…
Hooray for Hollywood!
byIn Europe, the picture on one side of the banking balance sheet remains one of shrinking credit (more especially of the productive, private sector…
The wrong kind of consumption
bySince our last attempt at a textual analysis of where the economic pain threshold lies for China’s rulers, the intervening period has been punctuated…
Mark Carney’s grand experiment began today
byI was grateful to the BBC World at One programme for giving me the opportunity today to comment on Mark Carney’s first Inflation Report….
Price inflation approaching
byThere is some evidence in the UK of a pick-up in consumer spending, probably echoed elsewhere. There are two likely factors behind this, the…