Inflation and Marxism
by“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currency….Lenin was certainly right. There…
Economics
America’s Fiscal Follies are Dangerously in the Red
byThe Congressional Budget Office has recently issued a federal “Budget Outlook Update” for the next ten years in the context of the government’s fiscal condition in…
Why trade balance is not the essence of currency exchange rate determination
byIn July this year the US trade balance stood at a deficit of $63.6 billion against a deficit of $51 billion in July…
Step-change at the Fed – Reaching for the stars
byThe Federal Reserve has changed the emphasis of their dual mandate Inflation targeting will become more flexible in the long-run Full employment has…
UNIDOS HACIA EL FUTURO
by“The markets are the product of 1999 & 2007 hooking up for a one night stand.” Tweet by Danielle DiMartino Booth (@DiMartinoBooth), 25th August…
An interesting animation on Rothbard’s theory of the Great Depression
byThis is well worth watching and nicely animates the analysis in Rothbard’s classic “America’s Great Depression”. https://www.youtube.com/watch?v=b0SW3BgwL14
The Social and Economic Side Effects of Negative Interest Rates
byOur world is currently suffering from acute schizophrenia. Banks are pushing impact and sustainable investing like crazy, companies are subordinating their production sites and…
Is laboratory in economics possible?
byIn the natural sciences, a laboratory experiment can isolate various elements and their movements. There is no equivalent in the discipline of economics….
Cut in government outlays is the true tax cut
byWe suggest that projects that government undertakes can be classified as wealth squandering. The fact that the private sector does not undertake these projects…
When does a recession become a depression?
byDefining a depression as opposed to a recession is open to wide interpretation Recessions are a natural part of the credit cycle Depressions…