Real vs. Nominal Interest Rates
byWhat is the real interest rate? It is the nominal rate minus the inflation rate. This is a problematic idea. Let’s drill deeper into…
August, 2016
Benn Steil: Portugal Gaining on Italy in the Banking ‘Doom Loop’
byItalian banks have taken a pounding of late from the ECB, the markets, and the media. They currently hold a whopping €360 billion in…
Central Bankers Are All ‘Corbynistas’ Now
byPublished in the Wall Street Journal yesterday from John Phelan, “Central Bankers Are All ‘Corbynistas’ Now”: Source: http://www.wsj.com/articles/central-bankers-are-all-corbynistas-now-1470858620 When Britain’s Labour Party leader Jeremy…
The Gendered Impact of Central Banking and possible empowerment through Free Banking
by‘Women still suffer gender pension gap’ is the title of the article published by the Financial Times (whose subtitle is is that “In…
A crisis of intervention
by“For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from him shall be taken away…
The Warren Buffet Economy: How Central Bank Enabled Financialization Divided America
byBy David Stockman During the 29 years after Alan Greenspan became Fed chairman in August 1987, the balance sheet of the Fed exploded from $200…
Should we be concerned with the fall of money velocity?
byA fall in the US velocity of money M2 to 1.44 in June from 1.51 in June last year and 2.2 in May 1997…
Money Supply Arguments Are Flawed
byIt goes without question, among economists of the central planning mindset, that if a central bank can just set the right quantity of dollars[1],…
Just who is the enemy?
by“..I sat at my desk wringing my hands, transfixed by the tragic slapstick of British politics.. “We are in the biggest domestic political crisis…
The FOMC Butterfly that Will Ruin the World
byFrom Bawerk.net Source: http://bawerk.net/2016/07/29/the-fomc-butterfly-that-will-ruin-the-world/ Imagine the financial crisis knocked you out and you did not wake up from the coma that followed until this day. Then,…