Gerzensee
byForwarded by a friend … this picture alone summarises the problem with the economics profession. Somebody I know is doing a doctorate degree in…
January, 2011
A New Year’s Resolution for the Bank of England
byThe One Hundred Twelfth United States Congress opened the year with a reading of the American Constitution. Though this was probably more of a…
Barclays, bonuses, and backdoor bailouts
byBob Diamond gave a spirited defence of himself and his industry yesterday at a Parliamentary select committee hearing. Surely it is hard to disagree…
More trouble coming
byOn Financial Sense Newshour this week Bill Laggner and Kevin Duffy, Co-Founders of Bearing Asset Management, join Jim Puplava for discussions about more trouble coming to…
Can expectations neutralise the side effects of loose monetary policy?
byAccording to the Austrian Business Cycle Theory (ABCT), the artificial lowering of interest rates by the central bank leads to a misallocation of resources…
The logically contradictory and “terrifying” deflationary spiral fallacy
byOne of the most persistent and dangerous myths of modern economics, and especially economic policy, is the idea that deflation, defined as a general…
The Poverty of Modern Macroeconomic Theory and Power of Austrian Business Cycle Theory
byReproduced by kind permission of the Quarterly Journal of Austrian Economics ABSTRACT: This paper contrasts mainstream analysis of the recent boom/bust episode and its…
The Good, the Bad, and the Ugly of Portugal’s Bond Auction
byPortugal tested the chilly New Year auction waters on January 5th as it auctioned €500 million of six-month bonds. The good news is that…
Dynamic Duo interview with Jesus Heurta de Soto
byOn October 21, 2008, I conducted a radio interview with professor Jesús Huerta de Soto, Professor of Political Economy at Rey Juan Carlos University…
Wanted: Austro-Monetary Economist for Ron Paul
byLew Rockwell has announced an exciting opportunity in the US: Ron Paul has been named chairman of the Domestic Monetary Policy subcommittee, and will…