Inflation v Deflation – State Finances
byThere is a general belief, and that is all it is, that state finances fare better in an inflationary environment than a deflationary one….
Economics
China – leading indicator? Stocks, credit policy, rebalancing and money supply
byChinese 10yr bond yields have been rising steadily since October 2016. They never reached the low or negative levels of Japan or Germany. 1yr…
The Fed’s Great Unwind: Will It Sink Us?
byIn the eyes of many people, the Federal Reserve (Fed) is an indispensable institution. We are told it supports growth and employment, fends off…
Are Economic Crises Inherent to Market Economies?
byIt is interesting to note that Marx, in his analysis of the capitalist economic system, basically concentrates on the study of the imbalances and…
Capitalism and Asymmetric Information
byCapitalism is a wondrous human institution for the mutual betterment for all in society. Yet, critics often insist that market systems enable sellers to…
Pool of funding the heart of economic growth
byMost experts are of the view that massive monetary pumping by the US central bank, the Fed, during the 2008 financial crisis saved the…
Why the positive time preference theory valid despite data contradiction?
byIn the Mises Institute daily articles column the Wire on November 21 2017 Doug French raised very important issue of negative interest rates. He…
It’s More Than Just The Absence of Acceleration, It’s The Synchronization Where There Should Be None by Jeffrey P. Snider
byby Jeffrey P. Snider According to the latest ECB figures, as of yesterday total “liquidity” added to the European banking system for that central bank’s…
Can Fed policy makers know the level of the neutral rate?
byIn her testimony to the Congress Economic Committee on November 29, 2017, the Fed Chair Janet Yellen said that the neutral rate appears to…
Cradles of Capitalism: the City-States of Greece and Italy
byBy Marcia Christoff-Kurapovna There long has been a persistent academic debate as to whether an “ancient economy,” referring mainly to Greece, even existed at all. In…