Government Policies Have Worsened the Coronavirus Crisis
byFew would disagree that we have been and are living through some unprecedented times in 2020. A global pandemic, government-imposed and mandated lockdowns and…
Economics
92 Percent of Trump’s China Tariff Proceeds Has Gone to Bail Out Angry Farmers
byby Benn Steil, Author and Benjamin Della Rocca, Author “China” is “paying billions and billions of dollars” on U.S. tariffs, President Trump said in his debate with Joe…
The Fed and asset bubbles
byAccording to the Financial Times from October 18th 2020, senior Federal Reserve officials are calling for tougher financial regulation to prevent the US central…
The Fed and ECB: Average inflation targeting for two
byBy Enrico Colombatto Regardless of the letter of their statues, the two major central banks of the West, the United States Federal Reserve and…
Japan Embraced Debt as a Way out of Its Budget Crisis. It’s Not Working.
byThe sudden resignation of Japans Prime Minister Shinzo Abe has led to evaluations of his so-called Abenomics. Many have praised Abe’s aggressive monetary policy…
Can constant money growth rule prevent boom-bust cycles?
byAccording to the Nobel Laureate in Economics, Milton Friedman, the key cause of the business cycles is the fluctuations in the growth rate of…
The Future of Forecasting in a Post-Covid World
byby Calum Nicholson When we reflect on the last half decade – from the domestic politics of the ‘west’ in the age of social…
A brief history of economic policy triumphs
by“If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand.” Milton Friedman. Shortly…
Why inflation is not about general increases in prices
byFor most commentators, inflation is about general increases in the prices of goods and services. From this, it is established that anything that contributes…
Is demand independent of production?
byFollowing the ideas of John Maynard Keynes and Milton Friedman, many commentators associate economic growth with increases in the demand for goods and services….