Living Dangerously
byRegular readers of Goldmoney’s Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms…
Economics
A Forerunner of the Austrian School in Nineteenth-Century Spain
byby David Chávez Salazar In 1952, the British economist Marjorie Grice-Hutchinson discovered that the Spanish scholastics of the seventeenth century, gathered around the School…
Central Banking: It’s alive!!
byIn his recent posting on Linked In, entitled, ‘The death of macro-prudential’, Stuart Trow of the EBRD delivered a well-aimed broadside at the pitiable…
The Role of Shadow Banking in the Business Cycle
byBy Arkadiusz Sieroń 1The process of lending and the uninterrupted flow of credit to the real economy no longer rely only on banks, but…
Should the Fed print money to accommodate demand for money?
byFor most economists and commentators the main role of the Fed is to keep the supply and demand for money in equilibrium. Whenever an…
The Myth that Central Banks Assure Economic Stability
byThe world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, inflations and recessions, especially during the last one…
Does subjective valuation mean arbitrary valuation?
byWhy do individuals pay much higher prices for some goods versus other goods? The common reply to this is the law of supply and…
The Relevance Of Hayek’s Triangle Today
byMost of us are aware of the inflationary pressures in the major economies, that so far are proving somewhat latent in the non-financial sector….
Savings as the engine of economic growth
byMost economists concur with the view that what keeps the economy going is consumption expenditure. Furthermore, it is generally held that spending rather than…
Monetary Fallacies and Inflationary Bubbles
byLooking to the next few years ahead, is America and the world going to continue riding a wave of economic growth, improving standards of…