The Swiss Franc and The Euro: What Now?
byBy Mihai Macovei In January 2015, the Swiss National Bank (SNB) unexpectedly removed the de facto peg of the franc to the euro.1 The move was welcomed by…
January, 2018
Our Outlook for 2018 Interest Rates To Stay Low. The Consensus View is that Europe’s Banks are Recovering but we are Not So Sure.
byby Gordon Kerr, Kevin Dowd and Cavin O’Driscoll, with Enrico Colombatto The Interest Rate Outlook Despite their shortcomings, European banks do not seem on…
The fallacy of insufficient demand
byFollowing the ideas of Keynes and Friedman, most mainstream economists associate economic growth with increases in the demand for goods and services. Both Keynes…
The Hanseatic League: An “Empire” of Commerce
byBy Marcia Christoff-Kurapovna Once upon a time there was a northern, medieval phenomenon as much the subject of universal myth and curiosity as that of…
The essence of profit
byIn most cultures, profit is seen as the outcome of exploitation of some individuals by some other individuals. Hence, anyone who is seen as…
America’s Great Depression and Austrian Business Cycle Theory
byWhen Murray Rothbard’s America’s Great Depression first appeared in print in 1963, the economics profession was still completely dominated by the Keynesian Revolution that began in…
Is the high level of debt a major economic risk factor?
byMany economic commentators regard high level of debt relative to GDP as a major risk factor as far as economic health is concerned. This…
A slow death
by“There’s always something to do.” The late Peter Cundill, philanthropist and value investor. A happy new year to all readers ! Having…