Currency turbulence
byYou’d think that the US dollar has suddenly become strong, and the chart below of the other three major currencies confirms it. The US…
Money
Austrians, Fractional Reserves, and the Money Multiplier
by[Editor’s note: this article, by Robert Batemarco, first appeared at Mises.org] John Tamny recently wrote a piece at Forbes titled, “The Closing of the Austrian…
As Germany loses battle for ECB, QE goes global
byWhat is Super Mario up to? First, he gave an unexpectedly dovish speech at the Jackson Hole conference, rather ungallantly upstaging the host, Ms…
Our obsession with monetary stimulus will end in disaster
byThe following is a commentary I wrote for The Forum section of London business-paper City A.M. The link is here. It is now six…
Storm warning
by“When Nobel Prize-winner Joseph Stiglitz was asked in Germany this week if the country and its neighbours would suffer a lost decade, his response…
Why doesn’t monetary pumping help economic growth?
byDespite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed…
QE will come to the eurozone – and, like elsewhere, it will be a failure
byThe data was not really surprising and neither was the response from the commentariat. After a run of weak reports from Germany over recent…
Signs Of The Fed’s Era Of Secrecy Coming To An End
byThe Federal Reserve increasingly is attracting scrutiny across the board. Now add to that a roller coaster of a thriller, using a miracle of…
Stagflation is, always and everywhere, a Keynesian phenomenon
byAlthough it might seem odd for a school of economics to largely ignore the role of money in the economy, this is indeed the…
FMQ carries on growing…
byJune’s FMQ components have now been released by the St Louis Fed, and it stands at a record $13.132 trillion. As can be seen…