Should the Fed tamper with the quantity of money?
byMost economists are of the view that a growing economy requires a growing money stock, because economic growth gives rise to a greater…
Economics
The essence of goods prices determination
byWhy do individuals pay much higher prices for some goods versus other goods? The common reply to this is the law of supply…
Economic stability and economic growth
byDuring the period 1920 to 1960, we can observe that the annual growth rate of production was more volatile than between the…
Debasing the Baseless – Modern Monetary Theory
byPopulist politicians are turning to Modern Monetary Theory Fiscal stimulus has not led to significant inflation during the last decade MMT is too…
Subsistence fund the heart of economic growth
byWhat characterizes the modern economy is its complex structure of production that seemingly generates an endless amount and a variety of goods. It…
Global Real Estate – Has the tide begun to recede?
byDespite the fourth quarter shakeout in stocks, real estate values keep rising Financial conditions remain key, especially in a low rate environment Isolated…
Central Banking Is Central Planning
byAt a time when the appeal of and demands for a new “democratic” socialism seem to have caught the imagination of many among the…
Neutral interest rate – the Fed’s impossible goal
byIt is widely accepted that by means of suitable monetary policies the US central bank can navigate the economy towards a growth path…
Chapter 7: Secrets, Ignorance and Lies: Money, Credit and Debt.
by“The tyranny of fraud is not less oppressive than that of force.” John Taylor of Caroline, Virginia (1814). Our money system relies on…
How Asset Inflation Will End — This Time
byLife after death for asset inflation: this is what happens when “speculative fever” remains high even after monetary inflation has paused. This may well…