The Difference between Money Supply & Liquidity
byThe US debt ceiling suspension, signed on February 2018, expires in March this year. According to some experts, the US Treasury will have to…
Economics
Chapter 4: Early Days.
byThe situation we are in today has evolved over many centuries. Economists had plenty of time and opportunity to comment – and comment…
Why is savings not about money?
byConventional wisdom says that savings is the amount of money left after monetary income was used for consumer outlays, implying that saving is…
A world of debt – where are the risks?
byPrivate debt has been the main source of rising debt to GDP ratios since 2008 Advanced economies have led the trend Emerging market…
The Dangers of Negative Interest Rates and a Cashless Economy
byThe recent gyrations in the stock market and the uncertainties surrounding American trade policies with China and other parts of the world have raised…
The Arrival Of The Credit Crisis
byThose of us who closely follow the credit cycle should not be surprised by the current slide in equity markets. It was going to…
Two prophetic 19th century anti-socialist satires
byThe Marxist Left in the Labour Party and elsewhere always embraces with naïve enthusiasm new revolutionary socialist regimes, most recently the one in Venezuela,…
The ECB’s Quantitative Easing Was a Failure — Here Is What It Actually Did
byBy Daniel Lacalle The main reason why the ECB quantitative easing program has failed is that it started from a wrong diagnosis of the eurozone’s…
Is an increase in demand key for economic growth?
byWhenever the so-called economy shows signs of weakness most experts are of the view that what is required to prevent the economy sliding into…
Time Is Money, Money Is Time
byLife’s but a walking shadow, a poor player who struts and frets his hour upon the stage and then is heard no more. -Macbeth…