The Chain Reaction Is Now In Process
byMuch has been written about the economic consequences of Covid-19, yet, just as in many of the analyses of the Great Depression and the…
Economics
After the flood – Beyond fiscal and monetary intervention
byMonetary and fiscal stimulus to ameliorate the effect of the pandemic has exceeded $9trln Stock markets have recovered, although most are below their…
Convenience vs. Truth in Economics
byBy Nathan A. Kreider The great struggle in economic science has been the formulation of theories that accurately describe the real world. Though this…
Why the New Economics Just Boils Down to Printing More Money
by[Editor’s Note: this article is adapted from a 2003 essay in the Quarterly Journal of Austrian Economics entitled “New Keynesian Monetary Views: A Comment.” As economists…
Tragedies of Our Time: Pandemic, Planning, and Racial Politics
byAn old adage says that tragedies often come in threes. Certainly, the first half of 2020 has seen a version of this. First, the…
Savings the heart of economic activity
byIt is held by most mainstream economists that spending is the heart of economic activity. Economic activity is depicted as a circular flow…
Not Just Retail: Hedge Funds Flood Into Stocks; Net Leverage Highest In Over Two Years
byFrom Tyler Durden at Zero Hedge On Friday we officially entered the blow-off top phase of the current meltup: between a record surge in Nasdaq volume……
A Brave New World for Value Investing
byStock markets have rebounded from their March lows on fiscal and monetary stimulus Corporate bond spreads have narrowed in their wake The prospect…
Mario Draghi’s Economic War Against COVID-19
byby Elisabeth Krecké On March 25, 2020, with the world economy paralyzed, Mario Draghi emerged into the spotlight for the first time since stepping…
Importance of a theory in economics
byIt is a common belief that sound economics must be based on facts and not on theoretical reasoning as such. Some commentators are…