Money growth and inflation – is there a connection?
byAccording to many mainstream economists, a lack of good correlation between the monetary growth and the growth rate of various price indexes casts doubt…
Austrian School
Easy monetary policy and the pattern of consumption
byWith meagre resources at his disposal, an individual is likely to allocate these resources i.e. his wealth towards essentials such as food, clothing…
Second Annual Conference on Austrian Economics in Madrid
byThe conference, originated by Jesus Huerta de Soto, was a great success. I will write more soon. It would be good if more Cobden…
What is the relation between supply and demand for money?
byFor most economists there is the need to keep the so-called economy along the path of a stable economic growth and a stable…
Why an increase in capital goods may not always be good for economic prosperity
byThe annual rate for US non-military capital goods orders excluding aircraft fell to 1.9% in September from 7.8% in August to stand at $69.6 billion. Observe that…
What Can Kill a Useless Currency
byThere is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and…
Statistical analyses and facts of reality
byAccording to modern economics, various ideas that we have established about the world of economics emanates from historical data. By inspecting the data, an…
Is technical knowledge the key driver of economic growth?
byAccording to this year Nobel Prize winner in economics, Paul Romer, the technical knowledge that spills over into the creation of new products…
Does balance of payments determine foreign currency exchange rate?
byAccording to popular thinking, a key factor in the foreign currency exchange rate determination is the state of the balance of payments. Following this…