Say’s law and macroeconomic ignorance
byProbably the greatest error in modern economics was the abandonment of Say’s law, otherwise known as the law of the markets. In a nutshell,…
Economics
James Turk’s Book Review of “The Natural Order of Money”
by Other WriterIn today’s world where common sense is under attack, it is refreshing to read a book that is not only well reasoned, but provides…
The benefits of a saving culture
by Alasdair MacleodSavings are a vital component of any successful economy, and the foolishness behind the paradox of thrift is exposed in this article. It has…
The role of profits
by Dr Frank ShostakBy Dr Frank Shostak Some commentators regard profit as the outcome of exploitation of some individuals by some other individuals. Profit however, has nothing…
Asset prices and the pool of real savings
by Dr Frank ShostakBy Dr Frank Shostak We suggest that the heart of economic growth is an expanding subsistence fund or the pool of real savings. This…
Rising rates lead to financial accidents
by Alasdair MacleodA recent Bank for International Settlements paper warning of unappreciated risks in foreign exchange markets echoes my earlier warning in an article for Goldmoney…
James Turk: The Forgotten Fourth Function of Money & G-SIBs
by Other WriterMoney is routinely defined by what it does, rather than what it is. That is unfortunate because its modern definition overlooks money’s important –…
Does the stock market drive economic growth?
by Dr Frank ShostakBy Dr Frank Shostak By a popular view, a strengthening in the stock market i.e. a general increase in the stock prices is considered…
As Easy Money Crashes, the Political and Legal Effects Appear
by Other WriterIn his recent article targeting the collapse of the FTX exchange, Ryan McMaken noted that the easy money regime we have lived under for more…
Is inflation about price increases?
by Dr Frank ShostakBy Dr Frank Shostak Why is inflation regarded as bad news? What kind of damage does it do? Popular commentators maintain that inflation causes…