Can the Fed tighten without rocking the economy?
byFed policy makers are of the view that the correct interest rate policy could bring the economy onto a path of economic stability and…
Money
George Selgin: Has the Fed been Holding Down Interest Rates?
bySource: https://www.alt-m.org/2016/12/01/fed-holding-interest-rates/ ONCE UPON A TIME, when my twin brother and I were tots, our father convinced us that he could make a traffic light…
Central Banks and Local Governments can help facilitate (greater) Monetary Freedom
byWhen considering moving towards a Free(r) Banking system in terms of enabling the genuine usage of multiple monies, the calls for such a system…
Does the Divisia monetary gauge help to define what money is?
byMost economists hold that, since the early 1980s, correlations between various definitions of money and national income have broken down. The reason for this…
Enabling a Choice of Monies aligns with the ‘Northern Powerhouse’ ideal
byThe ‘Northern Powerhouse’ is one of the prominent (albeit perceived to be failing) public policy strategies that have not been discontinued by Theresa May’s…
Memo to President Trump or President Clinton: The Gold Standard Made America Both Good and Great
byMarc Levinson writing recently in The Wall Street Journal provides a very pessimistic view for the American Dream, “Why the Economy Doesn’t Roar Anymore:…
USD ready for a second leg higher – then what?
byOne year ago we showed the following chart to explain the relative strong dollar that was on everyone’s mind at the time. With a…
Pound Sterling troubles would have been irrelevant with Free Banking
byThe violent exchange-rate fluctuations in pound sterling raise a host of issues that are causes for concern. Increased inflation is one of the primary…
Economic Ideas: The Ancient Romans, Who Went from Rule of Law to Corrupting Inflation and Price Controls
byThe ancient Romans failed to leave any systematic body of thoughts on economics, just like the ancient Greeks had failed to. Indeed, many of…
The Humours of Change Alley
byI was recently flattered to be asked how I envisaged the dreaded ‘helicopter money’ working if it were not to simply add further to…