Why Keynesian multiplier is an illusion
byFor most economists and financial commentators the heart of economic growth is the increase in the demand for goods and services. It is held…
Economics
I.T. bites
by“Mark Zuckerberg is now living out every young person’s worst nightmare: trying to explain how tech stuff works to the nation’s elderly.” Tweet by…
The Deflation/Inflation Debate
by“Naïve inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.” ― Ludwig von…
Zero Hedge — Citi: “There Is A Massive Problem” With The Bond Market
byIs the global economic recovery over? That is the question investors are grappling with just as Q1 earnings season – the best since 2011 with its…
Krugman dismisses that an increase in money supply causes inflation
byIn the New York Times article on March 27, 2018 – Immaculate inflation strikes again – Paul Krugman argues that those economists who are…
How to Use Methodological Individualism
byI first met Professor Salin in late 1997, in his office at the University of Paris-Dauphine. When I mentioned that I had been drawn…
What to expect from Central Bankers
byThe Federal Reserve continues to tighten and other Central Banks will follow The BIS expects stocks to lose their lustre and bond yields to…
Mises the Man and His Monetary Policy Ideas Based on His “Lost Papers”
byOne day in 1927 Austrian economist, Ludwig von Mises, stood at the window of his office at the Vienna Chamber of Commerce, and looked…
The Looming Mortgage Liquidity Crisis
byBy Doug French Every 10 years or so there is a banking crisis. We are due. However, the furthest thing from most people’s minds with…
Stocks for the Long Run but not the short
byIn the long run stocks outperform bonds For a decade stocks, bonds and real estate have risen in tandem The risk of a substantial…