The neutral interest rate myth
In his speech to the Economic Club of New York on November 28 2018, the Federal Reserve Board Chairman Jerome Powell said that…
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Why velocity of money and the purchasing power of money are not related?
Some commentators are of the view that when the velocity of money rises, all other thing being equal, the buying power of money…
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First Ever Austrian School Event in European Parliament
I will write this up more fully soon – last week we had the first ever Austrian School event in the European Parliament. The…
Read MoreMoney growth and inflation – is there a connection?
According to many mainstream economists, a lack of good correlation between the monetary growth and the growth rate of various price indexes casts doubt…
Read MoreEasy monetary policy and the pattern of consumption
With meagre resources at his disposal, an individual is likely to allocate these resources i.e. his wealth towards essentials such as food, clothing…
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Second Annual Conference on Austrian Economics in Madrid
The conference, originated by Jesus Huerta de Soto, was a great success. I will write more soon. It would be good if more Cobden…
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Caitlin Long on Blockchain and the Austrian School
What is the relation between supply and demand for money?
For most economists there is the need to keep the so-called economy along the path of a stable economic growth and a stable…
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Why an increase in capital goods may not always be good for economic prosperity
The annual rate for US non-military capital goods orders excluding aircraft fell to 1.9% in September from 7.8% in August to stand at $69.6 billion. Observe that…
Read MoreWhat Can Kill a Useless Currency
There is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and…
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