Currency turbulence
byYou’d think that the US dollar has suddenly become strong, and the chart below of the other three major currencies confirms it. The US…
Central Banking
Austrians, Fractional Reserves, and the Money Multiplier
by[Editor’s note: this article, by Robert Batemarco, first appeared at Mises.org] John Tamny recently wrote a piece at Forbes titled, “The Closing of the Austrian…
As Germany loses battle for ECB, QE goes global
byWhat is Super Mario up to? First, he gave an unexpectedly dovish speech at the Jackson Hole conference, rather ungallantly upstaging the host, Ms…
Bank Run Incentive, Central Bank Bankruptcy, and The Fallacy of the Credit Theory of Money
by[Editor’s Note: this is from the World Dollar Foundation, and can be found here] Part 1: The Bank Run Incentive There is an incentive…
The wages-fuel-demand fallacy
byIn recent months talking heads, disappointed with the lack of economic recovery, have turned their attention to wages. If only wages could grow, they…
Why doesn’t monetary pumping help economic growth?
byDespite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed…
QE will come to the eurozone – and, like elsewhere, it will be a failure
byThe data was not really surprising and neither was the response from the commentariat. After a run of weak reports from Germany over recent…
Signs Of The Fed’s Era Of Secrecy Coming To An End
byThe Federal Reserve increasingly is attracting scrutiny across the board. Now add to that a roller coaster of a thriller, using a miracle of…
Keep calm and carry on
byAt the end of July global equity bull markets had a moment of doubt, falling three or four per cent. In the seven trading…
Stagflation is, always and everywhere, a Keynesian phenomenon
byAlthough it might seem odd for a school of economics to largely ignore the role of money in the economy, this is indeed the…