Why the Fed will never succeed
byThe Fed will never succeed in its attempt to manage inflation and unemployment by varying interest rates, because it and its economists do not…
Economics
Janet Yellen Fights the Tide of Falling Interest
byOn Wednesday Dec 16, Federal Reserve Chair Janet Yellen announced that the Fed was raising the federal funds rate by 25 basis points. Let’s…
The Three Kings (and One Queen)
byMerry Christmas from The Cobden Centre! With apologies to the spirit of Henry Wadsworth Longfellow Three Kings came a-riding from far, far…
The Eurozone Sovereign Debt crisis and a potential OTC Interest Rate Derivatives crisis
byVishal Wilde is a finalist studying for a BSc (Hons) in Philosophy, Politics & Economics (Economics major) at the University of Warwick. He wishes…
Honey, I broke the markets
by“Donald Trump looks like the villain in a movie where the hero is a dog.” – The internet. Which four letter word still has…
Expectations and business cycles
byAccording to the Austrian Business Cycle Theory (ABCT) the artificial lowering of interest rates by the central bank leads to a misallocation of resources…
Can’t argue with a confident man
by“I can say therefore with confidence – and without any complacency – that we will secure the return of inflation to 2% without undue…
Will a GDP Futures Market Be Liquid?
byAt the Cato Monetary Conference this week, Scott Sumner said he had a “modest” proposal, that there should be a highly liquid futures market…
Look ma – no rules !
by“Hell, there are no rules here – we’re trying to accomplish something.” – Thomas Edison. Operating outside of a rule book may be…
The truth about GDP
by“I can prove anything by statistics except the truth” – George Canning Canning’s aphorism is as valid today as when he was Britain’s Prime…