A safe place to hide – inflation and the bond markets
byUS bond yields have risen from historic lows, they should rise further, they may not The Federal Reserve is beginning to reduce its balance…
Economics
Stockman: Good Riddance, Janet, You Were A Colossal Failure, Part 1
byThis is one for the record books. During Janet Yellen’s last week in office, the Dow dropped by 1,095points or 4.1%. But by her lights, apparently, that wasn’t…
Dehomogenizing Austrian Economics: The Revival of Wieser
byTo follow up on Peter Klein’s post today, the dehomogenization debate of the last few decades was actually initiated by a radical reinterpretation of the socialist…
How to Win a Great-Power Competition: Alliances, Aid, and Diplomacy in the Last Struggle for Global Influence
byThe United States is confronted with a condition in the world which is at direct variance with the assumptions upon which [our foreign] policies…
The relevancy of probability in economics
byModern economics in addition to sophisticated mathematics also employs probability distributions. What is probability? The probability of an event is the proportion of times…
The Looming Crisis in the Private Provision of Public Services Close Parallels with the Systemic Failure of Banks
byThe collapse in January of Carillion PLC, the UK’s second largest construction and outsourcing company has attracted considerable media coverage. Carillion was principally engaged…
From the Moneyness Blog: Electronic money will only save central banks from subjugation if it is anonymous
by50 SEK banknote issued by the Riksbank in 1960 “Do we need an eKrona?” asks Stefan Ingves, the Governor of the Riksbank, Sweden’s central bank. The…
A monster in plain sight
by“Interesting. Sex works even better than chocolate to modify behaviour. I wonder if anyone else has stumbled onto that.” Sheldon Cooper (Jim…
A warning knell from the housing market – inciting a riot?
byGlobal residential real estate prices continue to rise but momentum is slowing Prices in Russia continue to fall but Australian house prices look set…
Can an Economy Advance Without Savings?
byAccording to Frank Decker, Honorary Associate at the University of Sydney Law School, it certainly can. Not only that, but eschewing savings in favor…