Interview with Professor Joachim Starbatty MEP
Professor Joachim Starbatty is a member of the European Parliament. He kindly hosted our event “The Lessons of Economic History” earlier this year. Here…
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Inflation or Employment
Inflationary fears are growing and US rates continue to rise Employment has become more flexible since the crisis of 2008/2009 Commodity prices have risen…
Read MoreWhat is wrong with the popular definition of inflation?
According to Mises, Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank…
Read MoreFed confused about what drives inflation
On October 4 2017, the former governor of the Federal Reserve Daniel Tarullo in a speech at the Brookings think-tank in Washington said Fed…
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Why US price inflation remains relatively subdued?
The yearly growth rate of the US consumer price index stood at 1.9% in August against 1.7% in July, while the growth rate of…
Read MoreThe Consumer Price Index, a False Indicator of Our Individual Costs-of-Living
For years the Federal Reserve and many other central banks around the world have declared that a key element of monetary policy is the…
Read MoreBring Back the Gold Gilt
This essay was submitted to the Richard Koch Breakthrough Prize for 2017. Executive Summary Our monetary system imposes a form of central planning, based…
Read MoreInflation: How it occurs and what are its consequences
Inflation: How it occurs and what are its consequences Guided by Austrian school economics, I have attempted to outline firstly the different mechanisms through…
Read MoreWhy inflation is not about general increases in prices
There is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of goods and services….
Read MoreReal vs. Nominal Interest Rates
What is the real interest rate? It is the nominal rate minus the inflation rate. This is a problematic idea. Let’s drill deeper into…
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