The tulip harvest is in!
by“When the cover of a major financial magazine features a cartoon of a bull leaping through the air on a pogo stick, it’s probably…
May, 2013
Monetisation on steroids
byBack in mid-March I made the latest of my somewhat rare specific, near-term market predictions, in this case that a US stock market correction…
New Laissez Faire Books release: Early Speculative Bubbles
byLaissez Faire Books have just released a splendid new edition of Doug French’s book, Early Speculative Bubbles, previously published by Mises.org. So how do I know this book…
Is present monetary policy rational?
byWhile the stance of monetary policy around the world has, on any conceivable measure, been extreme, by which I mean unprecedentedly accommodative, the question…
Playing with fire
byOnce again, the European press is trumpeting the triumph of the prodigals after a week in which both the Spanish and the French were…
Fed’s policy of price stability damages US economy
byAccording to a European Central Bank Governing Council member Ewald Nowotny, Federal Reserve Chairman Ben Bernanke sees no risk to inflation in the United…
Still stuck in the Middle Ages
by“We have Stone Age emotions. We have medieval institutions.. And we have god-like technology.” – Edward O. Wilson. The BBC reported last week that…
Shifting sands – part 3
byContinued from part 2 … Finally to China where the only thing to note is that the meme of credit exhaustion is starting to…
The case against deflation
byRegular readers will know I am in the inflation, possibly hyperinflation camp; but there are those that think the future is more likely to…
Shifting sands – part 2
byContinued from part 1 … Away from the brouhaha over fiscal policy, the intertwined issue of its monetary equivalent comes into focus. Perhaps in…