FMQ carries on growing…
byJune’s FMQ components have now been released by the St Louis Fed, and it stands at a record $13.132 trillion. As can be seen…
Central Banking
Is This China’s QE?
by[Editor’s note: this piece was first published at Zero Hedge, which has had several excellent articles tracking the effusions of the PBOC and their…
Has Fractional-Reserve Banking Really Passed the Market Test?
by[Editor’s note: the following piece was originally published by World Dollar at zerohedge.com] In 2003, Jörg Guido Hülsmann, a senior fellow of the Mises Institute, published…
How to Start Reforming the Federal Reserve Right Now
by[Editor’s Note: this piece, by Brendan Brown, was first published at mises.org] First the good news. The House Financial Services Committee has held a…
Bedtime for Bondo
by“By sacrificing quality an investor can obtain a higher income return from his bonds. Long experience has demonstrated that the ordinary investor is wiser…
Is Paul Krugman Leaving Princeton In Quiet Disgrace?
byProfessor Paul Krugman is leaving Princeton. Is he leaving in disgrace? Not long, as these things go, before his departure was announced Krugman thoroughly was…
Monetary discord
byLast Monday’s Daily Telegraph carried an interview with Jaime Caruana , the General Manager of the Bank for International Settlements (the BIS). As General Manger,…
Is there room for Austrian ideas at the top table?
by[Editor’s note: now that Steve Baker MP is on the Treasury Select Committee, it should be of interest to all Austrianists, and those interested…
Money, Macro and Markets
byIt was something of an irony last week when the idiots savants who constitute the upper ranks of the ineffable current incarnation of the…
Where is the US$ heading against major currencies?
byWithin the framework of our econometric model the key variable that drives a currency rate of exchange is the relative money supply rate of…