The 2020 Tax Commission
byExciting news from Matthew Sinclair on Friday: This morning we have announced the formation of the new TaxPayers’ Alliance and Institute of Directors (IoD)…
Economics
Never Mind Keynes, Wealth Managers Should Read Kipling
byThis article appears courtesy of WealthBriefing, where it was first published. Whenever there is a crisis in financial markets such as that we have…
Richard W. Fisher: Monetary Policy Responsibility Cannot Substitute for Government Irresponsibility
byRichard W. Fisher is President and CEO of the Federal Reserve Bank of Dallas and serves as a member of the Federal Open Market…
Gerzensee
byForwarded by a friend … this picture alone summarises the problem with the economics profession. Somebody I know is doing a doctorate degree in…
A New Year’s Resolution for the Bank of England
byThe One Hundred Twelfth United States Congress opened the year with a reading of the American Constitution. Though this was probably more of a…
Barclays, bonuses, and backdoor bailouts
byBob Diamond gave a spirited defence of himself and his industry yesterday at a Parliamentary select committee hearing. Surely it is hard to disagree…
More trouble coming
byOn Financial Sense Newshour this week Bill Laggner and Kevin Duffy, Co-Founders of Bearing Asset Management, join Jim Puplava for discussions about more trouble coming to…
Can expectations neutralise the side effects of loose monetary policy?
byAccording to the Austrian Business Cycle Theory (ABCT), the artificial lowering of interest rates by the central bank leads to a misallocation of resources…
The logically contradictory and “terrifying” deflationary spiral fallacy
byOne of the most persistent and dangerous myths of modern economics, and especially economic policy, is the idea that deflation, defined as a general…
The Poverty of Modern Macroeconomic Theory and Power of Austrian Business Cycle Theory
byReproduced by kind permission of the Quarterly Journal of Austrian Economics ABSTRACT: This paper contrasts mainstream analysis of the recent boom/bust episode and its…