Underestimating debt traps
byThe sharp decline in US Treasury bond yields anticipates a pivot in Fed policy, which appeared to be justified this week by Chairman Powell’s…
December, 2023
Walter Block: I Ain’t Gonna Study War No Mo!
byBy Walter E. Block Wouldn’t it be nice if the Israelis and Hamas could settle their differences in court instead of through battle? We…
The British General Election of 1923: From Repeal of the Corn Laws to the End of Free Trade
byIn 1846, Richard Cobden’s long campaign bore fruit with Britain’s repeal of the Corn Laws, the tariffs which kept cheaper foreign wheat out of the country. The…
Can Milei Really Shut Down Argentina’s Central Bank?
byThe monumental fiscal and monetary hole that Peronists Massa and Fernández have left for Javier Milei is difficult to replicate. Ex-president Mauricio Macri himself explained…
The Money Supply Continues its Biggest Collapse Since the Great Depression
byMoney supply growth fell again in October, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight…
The trade account balance and the state of economy
byBy Dr Frank Shostak Some commentators consider the trade account balance as the single most important piece of information regarding the health of the…