The Role of Shadow Banking in the Business Cycle
byBy Arkadiusz Sieroń 1The process of lending and the uninterrupted flow of credit to the real economy no longer rely only on banks, but…
Economics
Should the Fed print money to accommodate demand for money?
byFor most economists and commentators the main role of the Fed is to keep the supply and demand for money in equilibrium. Whenever an…
The Myth that Central Banks Assure Economic Stability
byThe world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, inflations and recessions, especially during the last one…
Does subjective valuation mean arbitrary valuation?
byWhy do individuals pay much higher prices for some goods versus other goods? The common reply to this is the law of supply and…
The Relevance Of Hayek’s Triangle Today
byMost of us are aware of the inflationary pressures in the major economies, that so far are proving somewhat latent in the non-financial sector….
Savings as the engine of economic growth
byMost economists concur with the view that what keeps the economy going is consumption expenditure. Furthermore, it is generally held that spending rather than…
Monetary Fallacies and Inflationary Bubbles
byLooking to the next few years ahead, is America and the world going to continue riding a wave of economic growth, improving standards of…
Robots, employment and the mis-measurement of productivity
byUK productivity – output/hour has risen 1.5% in a decade UK unemployment, at 4.2%, is the lowest since April 1975 UK real-wages have risen…
Consumer Demand Does Not Lead to Jobs and Output
byBy Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
May Day
by“Japan was the dress rehearsal; the rest of the world will be the main event.” Investor in Japanese stocks, known to this correspondent, circa…