Do financial markets have superior knowledge?
byBy Dr Frank Shostak We suggest that what is labelled as financial markets are various individuals engaged in the buying and selling of financial…
Economics
The Optimal Supply of Money: A Simple Argument
byBy Paul F. Cwik As an economist, I am often asked how fast the money supply should grow. The answer is simple: it shouldn’t….
Donald Trump’s Trade Fallacies
byDonald Trump has said more than once that the most beautiful word in the dictionary is “tariff” and that it is, in fact, his…
Why recessions are not about declining GDP?
byBy Dr Frank Shostak Most economic commentators consider a weakening in economic statistics such as gross domestic product (GDP) as indicative of a weakening…
Analysis of the Court of Trade Ruling in the US
byBy Michael FromanPresident, Council on Foreign Relations The judicial branch has entered President Donald Trump’s trade war, creating even more uncertainty in an already…
Futures Soar After Trade Court Blocks Trump’s Global Tariffs; White House To Appeal
byFrom ZeroHedge The heretofore unkown US Court Of International Trade just ruled President Trump does not have the authority under economic emergency legislation to impose sweeping global tariffs….
Interest Rates Rise Again as Treasury Auction Comes Up Short
byBy Ryan McMaken The US government is on track to borrow more than two trillion dollars this year, but that’s going to require a…
MMT, Chartalism, and the Colonial Experience
byBy Joshua Mawhorter MMT poses two propositions: 1) that money originates according to the theory of chartalism, that is, money is essentially created and regulated by…
Cointelegraph: BlackRock flags quantum computing as risk for Bitcoin ETFs
byThe asset manager added a detailed overview of quantum computing threats to the risk disclosure in its Bitcoin ETF’s regulatory filing. Emerging technologies, including…
Schumpeter on the Dangers of the “Tax State”
byBy Joseph Solis-Mullen While Joseph Schumpeter and the Austrian School often find themselves at odds over fundamental questions in economic theory—particularly over value theory,…