Cost cutting and economic growth
Some commentators regard cost cutting by companies in order to secure profits as a major threat to the economy. They hold that if…
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The Global Economy Won’t Bounce Back Soon
In February, the general consensus between large investment banks and supranational entities was that there would be a one-time hit to GDP in the…
Read MoreThe questionable role of quantitative methods in economics
Most economists consider the use of sophisticated mathematical and statistical methods key towards understanding the complexities of economics. They are of the view that…
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Government budget deficit and economic growth
The US budget had a deficit of $32.6 billion in January compared with a deficit of $13.3 billion in December and a surplus…
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Prof. Huerta de Soto’s seminal course in the Austrian School translated into English
Prof. Huerta de Soto would like to dedicate his university lectures to all the members, followers and friends of the Cobden Centre. These lectures…
Read MoreWhy banks are not lenders as such?
According to the popular way of thinking the subject matter of lending is banking activity. It is banks, so it is held that…
Read MoreCentral banks have done nothing to put an end to the boom-and-bust cycle
At the 2020 World Economic Forum in Davos, Bob Prince, co-chief investment officer at Bridgewater Associates, attracted attention when he suggested in a news…
Read MoreWhy US productivity data is questionable
According to the US Labor Department, workers productivity in the non-farm sector increased at an annual rate of 1.4% in the fourth quarter…
Read MoreExpectations and economic growth
In various writings, Milton Friedman argued that there is a variable lag between changes in money supply and its effect on real output…
Read MoreWhy more money can’t generate economic growth?
The view that more money can revive an economy is based on the belief that money transmits its stimulatory effect through aggregate expenditure….
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