Why the positive time preference theory valid despite data contradiction?
byIn the Mises Institute daily articles column the Wire on November 21 2017 Doug French raised very important issue of negative interest rates. He…
Economics
It’s More Than Just The Absence of Acceleration, It’s The Synchronization Where There Should Be None by Jeffrey P. Snider
byby Jeffrey P. Snider According to the latest ECB figures, as of yesterday total “liquidity” added to the European banking system for that central bank’s…
Can Fed policy makers know the level of the neutral rate?
byIn her testimony to the Congress Economic Committee on November 29, 2017, the Fed Chair Janet Yellen said that the neutral rate appears to…
Cradles of Capitalism: the City-States of Greece and Italy
byBy Marcia Christoff-Kurapovna There long has been a persistent academic debate as to whether an “ancient economy,” referring mainly to Greece, even existed at all. In…
It was THIS big
byA theme which frequently pops up in current financial and economic commentary is that of the burgeoning levels of outstanding debt under which all…
Bull market breather or beginning of the end?
byStock markets have finally taken a breather over the last fortnight, although the S&P 500 has made a new, marginal, high this week. Cause…
Are Markets Really as Calm as they Seem?
byIndicators for financial market “stress” have reached their lowest levels in decades. For instance, stock market volatility has never been this low since the…
Deflation must be embraced
byThere are two problems with understanding deflation: it is ill defined, and it has a bad name. This article puts deflation into its proper…
Will macro-economists ever learn?
byAs we lurch through successive credit crises, central bankers and economists believe they learn valuable lessons every time, and that the ultimate prize, the…
Capitalism and Competition
byMarket competition is at the heart of the capitalist system. It serves as the driving force for creative innovation, the mechanism by which market…