Surviving Mission Creep
by“So there is another reason why Europe isn’t growing and it’s one the central bank can do nothing about. Namely, the 19 governments of…
Central Banking
Benn Steil and Emma Smith’s Global Monetary Tracker
byEmma Smith and I have created a new web-based tool for tracking monetary policy developments around the world. The CFR Global Monetary Policy Tracker…
Quantitative to qualitative – is unelected nationalisation next?
byLast year, in a paper entitled The Stock Market Crash Really Did Cause the Great Recession – Roger Farmer of UCLA argued that the…
David Stockman: Yelling ‘Stay’ In A Burning Theater—–Yellen Ignites Another Robo-Trader Spasm
bySimple Janet has attained a new milestone as a public menace with her speech to the Economic Club of New York. It amounted to yelling “stay” in a burning theater!…
Mises.org: And So It Begins… Negative Interest Rates Trickle Down in Japan
byThe negative interest rates imposed by the Bank of Japan have begun to make their way into the Japanese banking system. Japanese trust banks…
Government price fixing has a 100% failure rate – this includes central banks
byThe following, by Max Rangeley and Steve Baker MP, was published by Moneyweek’s Fleet Street Newsletter http://www.fleetstreetletter.co.uk/. Over the previous half century, economic central…
The ECB and John Law
byLast week, the ECB extended its monetary madness, pushing deposit rates yet more negative. It is extending quantitative easing from sovereign debt into non-financial…
David Stockman: Thanks For The Corporate Bond Bubble, Fed
byOnce upon a time businesses borrowed long term money—-if they borrowed at all—-in order to fund plant, equipment and other long-lived productive assets. That…
Everything changes at zero
by“Then said Jesus, “Father, forgive them; for they know not what they do.”” – Luke 23:34. For the benefit of non-subscribers, there are two…
Whatever it Takes?
byIn the midst of all the recent uproar, one anonymous Twitterer seized his chance to have his Uber-Warholian, 140-characters-of-fame moment and thundered: ‘Central banks…