Does the idea of price stability make sense ?
byThe idea of price stability originates from the view that volatile changes in the price level prevent individuals from clearly seeing market signals…
July, 2019
For a Virtuous Free Trade: Edmund Burke’s Economic Vision
byThe following excellent piece is by Kai Weiss, a Research Fellow at the Austrian Economics Center. Download the Study For a Virtuous Free Trade Here Summary Edmund Burke is…
Fed chairman and the Phillips curve
byOn July 11, 2019 before the Senate Banking Committee, the Federal Reserve Board Chairman Jerome Powell said that the relationship between unemployment and…
A mob of nasty, ignorant dwarves
by“The first rule of compounding is to never interrupt it unnecessarily.” Charlie Munger. “[Ronnie Millar] was.. surprised to be ordered by [Mrs….
Is low inflation a threat to the US economy?
by“When interest rates are low central banks don’t have much room to maneuver to deal with a crisis”, The New York Fed President…
4 Ways Employers Respond to Minimum Wage Laws (Besides Laying Off Workers)
byMost of you will be familiar with a supply and demand graph. This shows a demand curve, which graphs the relationship between the price…
Can expectations undo the validity of the Mises’s business cycle theory?
byAccording to Ludwig von Mises’s Austrian Business Cycle Theory (ABCT), the artificial lowering of interest rates by the central bank leads to a…
Low yield, no yield, negative yield – Buy now but don’t forget to sell
byThe amount of negative yielding fixed securities has hit a new record The Federal Reserve and the ECB are expected to resume easing…
“Mind-alteringly cheap”
by“The problem is not so much to see what nobody has yet seen, as to think what nobody has yet thought concerning that…
The illusion of the Keynesian multiplier
byFor most economists and financial commentators the heart of economic growth is the increase in the demand for goods and services. It is…