Another “Operation Twist” will cause more damage to the economy
byLast week the US central bank has announced that it will expand its “Operation Twist” program to extend the maturities of assets on its…
Economics
Detlev Schlichter and Steve Baker on Radio 4’s The World at One
byTCC Senior Fellow Detlev Schlichter appeared on The World at One to highlight the folly of reckless spending and ever-increasing debt that is now…
Regulators classify gold as zero-risk asset
byIn an Amphora Report last month, The Canary in the Gold Mine, I made the case that a key reason why gold has not…
Wen passes, Ben twists, Angela sticks
byIn a new paper from the HKUST academic team of Li, Liu & Wang, the authors lay out a clear exposition of the way…
The unseen hand
byThe assessment of economic growth based on Gross Domestic Product is a fallacy, because GDP is merely a measure of the amount of money…
Passing the bailout buck
byRecently, there has been an intense debate in Europe on the TARGET2 system (Trans-European Automated Real-time Gross Settlement Express Transfer System 2), which is…
Contemporary Austrian Economics and Non-neutral Money
byPeter J. Boettke has brought together a collection of young economists to outline the core propositions that make Austrian Economics distinct. The book –…
The death of banks – and the future of money
byUK Chancellor George Osborne and Bank of England Governor Mervin King last week announced another round of fiscal and monetary stimulus measures, including steps…
From deflation push to inflation shove
byDefining terms Economists have a word for recessions that occur prior to a previous GDP peak: A depression. Yes, when the normal economic growth…
A call to arms for central banks
byThe rate at which the majority of the eurozone is descending into insolvency is accelerating. The rescue package for Spanish banks, which appears to…