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…
Economics
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…
Why the policy of price stability leads to more instability
byOne of the duties that a central bank is expected to fulfill is to keep the general level of prices in the economy stable….
An unexpected systemic crisis is for sure
byDownturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus…
The Quick and the Dead
by“The operation was successful but the patient died.” “Teach your kids about compounding: put your money in a savings account and watch it double…
Switzerland’s Approach to Giving the Economy a Lifeline
byby Henrique Schneider One particularly important lesson to learn from the Covid-19 drama is which political decisions could help companies through the crisis. It…