Can Milei Really Shut Down Argentina’s Central Bank?
The 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
Money 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 Dying Tiger: The Challenges Facing ASEAN
The Association of Southeast Asian Nations (ASEAN), an economic bloc consisting of ten nations, is no stranger to praise. By lifting tariffs on nearly…
Do robots reduce wages?
In the early days of automation, machines ruthlessly decimated workers’ place in the commercial order, and in return, only proffered employment which many of…
The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
Financial statements of the US Federal Reserve, which consists of the board of governors in Washington and twelve district reserve banks across the country, indicate that…
Heading Toward Another U.S. Government Default
“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” Ernest Hemingway, The Sun Also Rises, 1926. The financial position…
Guest writer Bernardo Decoster: The Monetary roller-coaster of the 1890s in post-imperial Brazil
The Monetary roller-coaster of the 1890s in post-imperial Brazil The Republic of Brazil in the 1890s tasted two opposite monetary systems. By Bernardo Decoster…
Guest post from Sara Moore on the Weimar hyperinflation
On 29th September 2023, three days after the centenary of the end of Germany’s ‘passive resistance’ to France’s occupation of the Ruhr, The Cobden…
True Money Supply Is the Correct Measure of Inflation, Not Consumer Price Index
Historically, inflation always referred to an increase in the money supply, whereas nowadays it refers to an increase in prices. This shift in the definition…
Fed Forecasts: Financial Sport or Costly Distraction?
For some reason, the Fed continues to publish the Summary of Economic Projections (SEP), in which Federal Open Market Committee (FOMC) members guess the trajectory of…