Liquidity and the stock market
byIn a market economy, a major service that money provides is that of the medium of exchange. Producers exchange their goods for money…
December, 2018
Beyond GDP to a New Road to Serfdom
byIt is a commonplace that there is more to life than money and the material benefits that it may provide someone. We often make…
The neutral interest rate myth
byIn his speech to the Economic Club of New York on November 28 2018, the Federal Reserve Board Chairman Jerome Powell said that…
Why velocity of money and the purchasing power of money are not related?
bySome commentators are of the view that when the velocity of money rises, all other thing being equal, the buying power of money…
Why China should remove all trade tariffs
byI am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay…
The Imperial Presidency Embodies Political and Economic Hubris
byHistorian Arthur M. Schlesinger coined the term “imperial presidency” in the 1960s. It was meant to indicate that the role of the president of…