Can consumer surveys help ascertaining the future course of an economy?
byIn order to gain insight into the future state of an economy, many economists refer to a variety of consumer and business surveys….
Austrian School
Strong GDP data and individuals’ wellbeing
byIn the New York Times September 14 2018 in an article – We’re Measuring The Economy All Wrong, the writer of the article David…
Macro Aggregates Hide the Real Market Processes at Work
byFor the 12 months that ended in July 2018, price inflation in the United States, as measured by the Consumer Price Index, was 2.9…
The Fed and asset bubbles
byIn his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
Fiscal stimulus and economic growth – are they related?
byFor most experts a key factor that policy makers should be watching is the gap between the actual real output and the potential real…
What causes the acceptance of paper money?
byDemand for a good arises because of its perceived benefit. For instance, people demand food because of the nourishment it offers them. This is…
The Fed and interest rates
byMost experts agree that through the manipulation of short-term interest rates, the central bank by means of expectations regarding future interest rate policy can…
Speaking truth to power
by“Ron Steigler: Mr. Gardner, uh, my editors and I have been wondering if you would consider writing a book for us, something about…
Does a fall in unemployment lead to stronger economic growth?
byIn July, the US unemployment rate fell 0.1% from the month before to 3.9%. The number of unemployed individuals fell by 284,000 to 6.280…
Can deflation undo the damage of inflation?
byIn our various writings, we have suggested that loose monetary policy of the central bank, which amounts to the lowering of interest rates and…