Targeting nGDP Targeting
byNot too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not…
Economics
150 years of bank credit expansion is near its end
byThe legal formalisation of the creation of bank credit commenced with England’s 1844 Bank Charter Act. It has led to a regular cycle of…
The Perversity of Negative Interest
byToday, we want to say two things about negative interest rates. The first is really simple. Anyone who believes in a theory of interest…
Are we heading for a liquidity trap?
byWith interest rates in many countries close to zero or even negative some commentators are of the view that monetary policy of the…
It’s Coming Home this November! Event in Austrian central bank in Vienna
byThis will be a good one. See more here: http://austrianconference.org/
FinTech Companies; little innovation and no reform of banking
byNew entrants into every aspect of banking were encouraged by two recent regulatory developments: the Open Banking initiative and the ‘sandboxing’ exemptions from regulations….
From Zero Hedge ::: Lagarde – “We Should Be Happier To Have A Job Than To Have Savings”
byAny hopes that the replacement of Mario Draghi, who on Halloween left the ECB more polarized than ever, as the core European nations revolted…
The Austrian School Warned, the ECB Didn’t Listen
byby Alvaro Martin Looking at the current situation, one can easily perceive that our economic environment is not in the best condition. The whole…
100% Banking and Its Advocates: A Brief History
byBy Edward W. Fuller The 100% reserve plan is often considered a radical proposal for monetary reform. This article discusses the history of 100% banking…
Fragility – what the US money-market squeeze means for the future
byLast month’s squeeze in overnight domestic US$ funding rattled markets The Fed responded rapidly but the problem has been growing for some time…