The fallacies of GDP
byThe common error of confusing growth with progress goes largely unnoticed, though it permeates all macroeconomic analysis. There is no better example of this…
Economics
Such terrible suspense
by“This suspense is terrible. I hope it will last.” – Oscar Wilde. Is there any investor out there not suffering from crisis fatigue…
Building concerns
by“As for the rest of the billions, it’s not clear precisely where that money went. There are some clues. FIFA’s personnel expenses were $397…
Seth Lipsky’s The Floating Kilogram, “The Federalist Papers For A Gold Standard”
byA recent article in The Week by progressive columnist Jeff Spross, How modern capitalism killed self-reliance, observed that “The gold standard is a niche…
On not adding, but taking away
by“Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.” – Charlie…
How Government Inaction Ended the Depression of 1921
by[This piece, by Lew Rockwell, was first published at mises.org here https://mises.org/library/how-government-inaction-ended-depression-1921] As the financial crisis of 2008 took shape, the policy recommendations were not…
New information technology and economic growth
byIn his article The Big Meh (The New York Times 28 of May 2015) the columnist Paul Krugman complains that despite all the information…
Rising yields and rising correlation in major bond markets – end of cycle or correction?
byEuropean bond yields have risen following the lead of US treasuries Yield curves are steepening despite minimal inflation A return to the natural rate…
Why Government Deficits And Debt Do Matter
by[This piece first appeared here http://www.epictimes.com/richardebeling/2015/05/why-government-deficits-and-debt-do-matter/] The Congressional Budget Office (CBO) reported in early May that for the month of April 2015 the Federal government…
Major drag, huh ?
by“We’re not gonna make it, are we ? People, I mean.” “It is in your nature to destroy yourselves.” “Yeah. Major drag, huh ?”…