Is deflation bad for the economy?
byBy Dr Frank Shostak For most experts, deflation is bad news since it generates expectations for a continued decline in prices. Because of this,…
Economics
Documentary Premier in the House of Lords
byOn Monday we premiered the Cobden Centre documentary Ex Nihilo: The Truth About Money in the House of Lords. There were introductory speeches by…
Updating Say’s law for modern times
byIt was Keynes’ offhand dismissal of Say’s law, or the law of the markets, in 1936 which is leading us into an economic and…
Expectations and the Austrian Business Cycle Theory
byAccording to the Austrian Business Cycle Theory (ABCT), the artificial lowering of interest rates by the central bank leads to a misallocation of resources…
Celebrating Adam Smith on His 300th Birthday
byThree hundred years ago, on June 5, 1723, one of the most important and influential thinkers in modern history, Adam Smith, was born in…
Are El Salvador’s Results with Bitcoin a Reliable Indicator for the Future?
bySamuel Hooton El Salvador’s adoption of Bitcoin as legal tender promised economic benefits, but limited adoption and volatility have led to failing results. Is…
Default by Inflation Is the Real Drama in the Global Debt Market
byThe real drama of default in global markets has not been the federal debt ceiling negotiations in Washington but the write-off by inflation. The…
Article in City AM on the Austrian School
byI had an article in City AM this week on the Austrian School – I hope you find it interesting! Article: https://www.cityam.com/weve-overegged-the-power-of-interest-rates-and-now-were-paying-the-price/
Sound Money Is Required for Real Budget Discipline
byNews here in the USA has been full of the latest farce known as raising or not raising the debt ceiling. After the usual…
Commodity Prices Debunk the “Blame Ukraine” Excuse for Inflation
byMost politicians have used the “Ukraine invasion card” to justify the massive inflationary burst in 2021-2023. It does not matter if inflation was already…