Haldane the Omniscient
byI read this article by Andy Haldane. http://www.theguardian.com/business/2015/sep/18/interest-rates-rise-bank-of-england-chief-economist-andy-haldane I value certain things now more than I do in the future. I am…
Money
Austrian Economics, Monetary Freedom, and America’s Economic Roller Coaster
byFor over a decade, now, the American economy has been on an economic rollercoaster, of an economic boom between 2003 and 2008, followed by…
The essence of interest rate determination
byAccording to mainstream thinking the Central Bank is the key factor in determining interest rates. By setting short-term interest rates the Central Bank, it…
Real GDP and the strength of US economy
byUS real gross domestic product (GDP) grew faster than initially thought in Q2. GDP expanded at a 3.7% annual rate instead of the 2.3%…
Economic bust and stable price levels
byThe yearly rate of growth of the personal consumption expenditure (PCE) price index adjusted for food and energy stood at 1.3% in June –…
The Unseen Consequences of Zero-Interest-Rate Policy
bySource: Ronald-Peter Stöferle at https://mises.org/library/unseen-consequences-zero-interest-rate-policy In a dynamic economy, an action not only triggers just one effect, but always an entire series of different consequences….
GoldMoney white paper: Gibson’s paradox resolved
byA new white paper resolving Gibson’s paradox is posted on GoldMoney’s site, here: https://www.goldmoney.com/images/media/Files/GMYF/Gibsons%20Paradox.pdf The full ramifications will take further analysis and thinking, but…
Zero Hedge: Fed Admits Economy Can’t Function Without Bubbles
byIn short, the dot-com bust was the last chance for the Fed to pivot and liberate the American economy from the corrosive financialization it…
George Gilder Shows Paul Krugman Why Modern Macroeconomics, Not The Gold Standard, Is Anti-Scientific
byJuly 9th was the anniversary of the most famous speech of any presidential campaign. William Jennings Bryan, in a speech to the 1896 Democratic convention, declaimed…
Credit deflation and gold
byThere is a common view in financial markets that credit deflation is bad for gold prices, because gold nowadays is regarded as an asset…