The best brief in economics I’ve ever read
byDear friends in liberty, I want to tell you about an essay I wrote earlier this year that is suddenly getting a lot of…
July, 2023
The real determinants of currency value
byThere are two components to the inflation story: the cycle of bank credit, which left to itself is self-cancelling, and the longer-term erosion of…
Money Blindness and Money Clarity
byInflation erodes economic value and distorts perceptions. People often blame rising prices instead of realizing the problem lies with the currency itself.Joakim Book Last…
Is deflation bad for the economy?
byBy Dr Frank Shostak For most experts, deflation is bad news since it generates expectations for a continued decline in prices. Because of this,…
Documentary Premier in the House of Lords
byOn Monday we premiered the Cobden Centre documentary Ex Nihilo: The Truth About Money in the House of Lords. There were introductory speeches by…
Updating Say’s law for modern times
byIt was Keynes’ offhand dismissal of Say’s law, or the law of the markets, in 1936 which is leading us into an economic and…
Expectations and the Austrian Business Cycle Theory
byAccording to the Austrian Business Cycle Theory (ABCT), the artificial lowering of interest rates by the central bank leads to a misallocation of resources…
Celebrating Adam Smith on His 300th Birthday
byThree hundred years ago, on June 5, 1723, one of the most important and influential thinkers in modern history, Adam Smith, was born in…