Krugman dismisses that an increase in money supply causes inflation
byIn the New York Times article on March 27, 2018 – Immaculate inflation strikes again – Paul Krugman argues that those economists who are…
Economics
How to Use Methodological Individualism
byI first met Professor Salin in late 1997, in his office at the University of Paris-Dauphine. When I mentioned that I had been drawn…
What to expect from Central Bankers
byThe Federal Reserve continues to tighten and other Central Banks will follow The BIS expects stocks to lose their lustre and bond yields to…
Mises the Man and His Monetary Policy Ideas Based on His “Lost Papers”
byOne day in 1927 Austrian economist, Ludwig von Mises, stood at the window of his office at the Vienna Chamber of Commerce, and looked…
The Looming Mortgage Liquidity Crisis
byBy Doug French Every 10 years or so there is a banking crisis. We are due. However, the furthest thing from most people’s minds with…
Stocks for the Long Run but not the short
byIn the long run stocks outperform bonds For a decade stocks, bonds and real estate have risen in tandem The risk of a substantial…
Stockman: Now It Begins—America’s State Wreck Gathers Steam, Part 1
byNow it begins. They bought the February 8th dip just like the previous 40 odd plungelets in the stock averages since the March 2009 bottom, expecting another…
Why mainstream economics consistently fails to explain the occurrence of recessions?
byIn his article released on March 21 2018 – Economics failed us before the global crisis – Martin Wolf the economics editor of The…
On rational optimism
by“We got stick for questions like, ‘Who came second in the last war?’” he recalled. “But the contestants weren’t always the brightest tickets —…
Can money pumping stimulate economic growth?
byAccording to most economic experts when an economy falls into a recession the central bank can pull it out of the slump by means…