Can constant money growth rule prevent boom-bust cycles?
byAccording to the Nobel Laureate in Economics, Milton Friedman, the key cause of the business cycles is the fluctuations in the growth rate of…
Economics
The Future of Forecasting in a Post-Covid World
byby Calum Nicholson When we reflect on the last half decade – from the domestic politics of the ‘west’ in the age of social…
A brief history of economic policy triumphs
by“If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand.” Milton Friedman. Shortly…
Why inflation is not about general increases in prices
byFor most commentators, inflation is about general increases in the prices of goods and services. From this, it is established that anything that contributes…
Is demand independent of production?
byFollowing the ideas of John Maynard Keynes and Milton Friedman, many commentators associate economic growth with increases in the demand for goods and services….
How Central Banks Created a $250 Trillion Global Debt Bubble
byWe created this animation a couple of years ago which we have used in various settings. Feel free to forward around as a brief…
The Fed Is Planning Another Ultralong Period of Ultralow Rates
byJerome Powell fielded questions from reporters Wednesday, and he made it clear that the Fed is a long, long way from abandoning its current…
Is diversification the heart of investment?
byAccording to the Modern Portfolio Theory (MPT), financial asset prices always fully reflect all available and relevant information, and that any adjustment to…
Milton Friedman and the New Attack on Freedom to Choose
byWe are in the midst of an open counterrevolution against liberty and limited government in the United States. This may sound like strong language…
Keynesian ideas can only make things worse
byIn the New York Times on September 8, 2020, Paul Krugman suggested that “The CARES Act, enacted in March, gave the unemployed an extra…