Does a fall in unemployment lead to stronger economic growth?
byIn July, the US unemployment rate fell 0.1% from the month before to 3.9%. The number of unemployed individuals fell by 284,000 to 6.280…
Economics
Macroeconomics Has Lost Its Way
byThe father of modern macroeconomics was Keynes. Before Keynes there were macro considerations, which were firmly grounded in human action, the personal preferences and…
Some Confusions of Language in Economic Thought
byFifty years ago, in 1968, Austrian (and Austrian school) economist Friedrich A. Hayek published a monograph called The Confusion of Language in Political Thought [4]. Hayek…
The Case Against Antitrust
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…
Can deflation undo the damage of inflation?
byIn our various writings, we have suggested that loose monetary policy of the central bank, which amounts to the lowering of interest rates and…
Zero Hedge — Bank of America: These Are The 6 Triggers For The Next Market Crash
byWith the S&P just one big short squeeze away from all time highs and Q2 earnings for the most part blowing away expectations, the…
Why the policy of price stability weakens the process of real wealth formation
byThere is almost complete unanimity among economists that the most important role of the central bank is to attain price level stability. It is…
Hurting the Poor by Standing in the Way of Technological Progress
byby Mary Lucia Darst In the February 2018 issue, Forbes Magazine published their annual Fintech 50, a list of the top fifty companies most expected to…
Can sophisticated technology prevent severe economic slump?
byMost economic commentators are likely to agree that in relation to the period prior to the Great Depression, the present world is many times…
An odd, non-linear game
by“Sir, John Authers, in Loser’s Game (The Big Read, December 22), could have delved deeply into the flaws in the asset management business as…