Why US price inflation remains relatively subdued?
byThe 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…
September, 2017
Altmann scores
by“Black cab drivers to revel in victory over Uber for centuries to come” Headline from The Daily Mash. Baroness Ros Altmann could fairly…
Improve non-consultant doctors’ pay by liberalising their private sector capabilities
byGiven the ongoing outrage about pay for NHS staff (especially for junior doctors, nurses etc.), one way in which to tackle this could be…
The forthcoming global crisis
byThe global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is always the prelude to…
Ludwig von Mises on Collectivist Fallacies and Interventionist Follies
byFor more than a century the world has been caught in the grip of social engineers and political paternalists determined to either radically remake…
Does the central bank determine interest rates?
byAccording to mainstream thinking, the central bank is the key factor in determining interest rates. By setting short-term interest rates, the central bank, it…
Ludwig von Mises and the Real Meaning of Liberalism
byLiberalism has become one of the most widely misused and abused words in the American political lexicon. It represents, some say, politically “progressive thought,”…
Is Chinese growth about to falter?
byThe IMF revised Chinese growth forecasts higher in July – were they premature? Retail sales, industrial output and fixed investment have slowed The Real…
Benn Steil: How We Know Eurozone Monetary Policy is Working Again
byIn 2013, I showed that the ECB’s monetary transmission mechanism had broken down in the crisis-hit periphery countries. ECB rate cuts were not being passed on…
Here we go again…
byAs world stock markets continued to climb to cyclical – if not all – time highs, it became almost the norm for industry talking…