Austrians get (some) mainstream credibility
byWell, well: who would have believed it. First the Bank for International Settlements comes out with a paper that links credit booms to the…
January, 2016
Zero Hedge: About That “Surging” Chinese Trade Data, There Is Just One Thing…
bySource: http://www.zerohedge.com/news/2016-01-13/about-surging-chinese-trade-data-there-just-one-thing While Chinese New Year seasonals are undoubtedly one factor in last night’s “surprisingly good” Chinese trade data, the following chart shows the…
Life finds a way
by“The snag for them is that it happened on Monday. And all the official pronouncements in the State media were: “Well, it’s a blip….
Venezuela’s Bizarre System of Exchange Rates
byBy Emiliana Disilvestro and David Howden Venezuela is currently going through its worst crisis in history, replete with an endless list of interesting problems….
The Government Must Stop Printing Phoney Money
byIf advocates of freedom were to make up a list of New Year’s resolutions for 2016, one of the most important items should be…
History repeats
by“The proper behaviour all through the holiday season is to be drunk. This drunkenness culminates on New Year’s Eve, when you get so drunk…
Falling Interest Causes Falling Profits
byMost people assume that prices move as a result of changes in the money supply. Instead, let’s look at the effect of changes in…
Why the Fed will never succeed
byThe Fed will never succeed in its attempt to manage inflation and unemployment by varying interest rates, because it and its economists do not…
Janet Yellen Fights the Tide of Falling Interest
byOn Wednesday Dec 16, Federal Reserve Chair Janet Yellen announced that the Fed was raising the federal funds rate by 25 basis points. Let’s…