The destruction of savings by inflation
byIn the past, insurance companies and pension funds have been keen to advertise the benefit of compounding arithmetic for savings. Over the last 30…
Economics
Prices & Production and Other Works
byMy Foreword to Prices & Production and Other Works, published by the Ludwig von Mises Institute in 2008. It is with great pleasure that…
An interview with The Real Asset Company
byA recent three-part interview by Jan Skoyles of The Real Asset Company … Part one: Discussion of Paper Money Collapse Part two: Austrian economics…
Beware false idols
by“Playing with expectations works temporarily. The risk-on trade is in a mini bubble, as today’s buyers want to be ahead of the slower ones….
What the classical economists knew and the moderns have forgotten – part 5
byToday, as the last article in this series, we present the words of Say himself, taken from his masterpiece A Treatise on Political Economy….
The economic consequences of central bankers
byMore unemployment. More recession. More massive public debt. More print-more-money-and-pray quantitative easing. More Mervyn King bleating on about the stalled economy – but failing to…
The fallacy of economic growth
byThe most important objective for any government is to achieve economic growth. Out of this growth develops employment and taxes to fund government itself….
Ostriches at the IASB
byIn an article for the FT on the 5th of February, highlighted by Steve Baker in a recent speech, Lord Lawson wrote: The auditing…
Can the Fed grow the economy?
byA fall in the unemployment rate to 8.3% in January from 8.5% in the month before has prompted many commentators to suggest that the…
Katastrophenhausse
byMainstream economists seem to have a problem understanding prices. They might draw supply and demand curves and talk about elasticity. They are sure to…