Central Banking Is Central Planning
byAt a time when the appeal of and demands for a new “democratic” socialism seem to have caught the imagination of many among the…
April, 2019
Call for papers: Estudios Libertarios
byMy friend David Chávez Salazar is opening a call for papers for his new journal, Estudios Libertarios. David is a great up and coming Austrian School…
Interview with Professor Joachim Starbatty MEP
byProfessor Joachim Starbatty is a member of the European Parliament. He kindly hosted our event “The Lessons of Economic History” earlier this year. Here…
Freedom Works in Switzerland
byby Henrique Schneider In 2018, the Swiss economy grew 2.5 percent. For 2019, the Federal Expert Group for economic forecast expects it to expand…
Neutral interest rate – the Fed’s impossible goal
byIt is widely accepted that by means of suitable monetary policies the US central bank can navigate the economy towards a growth path…
Chapter 7: Secrets, Ignorance and Lies: Money, Credit and Debt.
by“The tyranny of fraud is not less oppressive than that of force.” John Taylor of Caroline, Virginia (1814). Our money system relies on…
How Asset Inflation Will End — This Time
byLife after death for asset inflation: this is what happens when “speculative fever” remains high even after monetary inflation has paused. This may well…
Can expansionary fiscal and monetary policies counter recessions?
byWhen signs of economic weakness emerge, most economics experts are quick to embrace the ideas of John Maynard Keynes. For most economists…
China in transition – From manufacturer to consumer
byChina is evolving from a current account surplus to deficit country Increased domestic consumption and dis-saving by an ageing population drives the trend…
What the shape of the yield spread implies?
byA fall in the difference between the yield on the 10-year US T-Bond and the US 3-month Treasury bill into negative territory has…