From Discipline to No Discipline: The Sorry Evolution of Modern Banking
byEvery decade or so bank failures and the subsequent bailout response via central bank intervention appear. The latest jangling of depositor nerves involved US…
Economics
Free Market Roadshow London 2023 Next Tuesday (18th)
byThis year will be an excellent event https://www.meetup.com/london-ayn-rand-meetup/events/292409977 Details The Ayn Rand Centre UK is teaming up once again with the Austrian Economics Center…
The multiplier fable
byBy Dr Frank Shostak By popular thinking, the key driver of economic growth is increases in the total demand for goods and services. It…
Deflating the credit bubble
byThe theme of this article is debt deflation. How likely is it that the downturn in broad money supply will continue, and if so,…
Why the idea of an optimum growth rate of money supply is questionable
byWhy the idea of an optimum growth rate of money supply is questionable By Dr Frank Shostak It is widely held that a growing…
The Free Market Road Show defends
freedom in over 30 cities across Europe
by
The largest event of its kind unites policymakers and think tanks todiscuss the economy, sustainability, and freedom. Inflation, energy security, war – in recent…
The great credit unwind and Powell’s hidden pivot
byWe are all now aware that the global banking system is extremely fragile. Driving bank failures is contracting credit, which in turn drives interest…
Hundreds of Banks Are at Risk
byIt’s the weekend, but our fresh Financial Crisis does not sleep. And a recent study says we’ve only seen the tip of the iceberg….
Can easy monetary policies help to absorb idle resources?
byBy Dr Frank Shostak Resources that are utilized to promote economic prosperity in normal times become underutilized during recessions. Some experts are of the…
Credit chaos
byFollowing the day-to-day twists and turns of a banking crisis can make us lose sight of the bigger picture. It is tempting to think…