Falling Interest Causes Falling Wages
byInterest rates have been falling for over three decades. Conventional economics has two things to say about this. One, inflation expectations are falling. Monetarists…
Economics
I Am Blind
by“Marketing is what you do when your product is no good.” – Edwin Land. Rosser Reeves was one of the most celebrated American…
Global M
by[You can find the original article here http://truesinews.com/2015/03/11/global-m/] As part of our analytical process, we frequently consult our proprietary estimate of global money supply, something we construct by…
Greater fool theory
by“Mr Draghi announced this week that the ECB would not buy bonds yielding less than minus 0.2 percent..” – Ralph Atkins for the Financial…
What’s in a Word?
by[You can find the original here http://truesinews.com/2015/02/27/whats-in-a-word/] After yet another masterly performance before Congress – one which was immediately confounded by the usual cacophony of…
Bitcoin, Bit-by-Bit, Pitches Silicon Valley Against Washington As Our True Capital
byWashington, DC, is the capital of the United States. Yet Silicon Valley is the true capital of the America of the present and the…
The euro may be riskier than you think
byFinance ministers in the Eurozone appear to have had a free lesson in game theory from Professor Yanis Varoufakis, the Greek finance minister. At…
Understanding True Credit and False Credit
by[Editor’s Note: This piece first appeared here http://mises.org/library/understanding-true-credit-and-false-credit] There are two kinds of credit: that which would be offered in a market economy with sound…
Does Walmart Prove Minimum Wage Laws Will Help Workers?
by[Editor’s Note: this piece was first published by Mises Canada here http://mises.ca/posts/blog/does-walmart-prove-minimum-wage-laws-will-help-workers/] In a recent column Paul Krugman has one of the most curious arguments…
CONSUMERS’ SOVEREIGNTY AND NATURAL VS. CONTRIVED SCARCITIES
byOne of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers…