Pool of funding the heart of economic growth
byMost experts are of the view that massive monetary pumping by the US central bank, the Fed, during the 2008 financial crisis saved the…
Austrian School
Why the positive time preference theory valid despite data contradiction?
byIn the Mises Institute daily articles column the Wire on November 21 2017 Doug French raised very important issue of negative interest rates. He…
Can Fed policy makers know the level of the neutral rate?
byIn her testimony to the Congress Economic Committee on November 29, 2017, the Fed Chair Janet Yellen said that the neutral rate appears to…
It was THIS big
byA theme which frequently pops up in current financial and economic commentary is that of the burgeoning levels of outstanding debt under which all…
Will macro-economists ever learn?
byAs we lurch through successive credit crises, central bankers and economists believe they learn valuable lessons every time, and that the ultimate prize, the…
Is there a place for behavioural economics in the field of economics?
byRecently, a relatively new economics called Behavioural Economics (BE) has started to gain popularity. Its practitioners such as Daniel Kahneman, Vernon Smith and Richard…
Is funding about money?
byA key factor that constrains people’s ability to generate goods and services is the scarcity of funding. Contrary to popular thinking, funding is not…
Can gradual interest rate tightening prevent shocks?
byFed policy makers are of the view that if there is the need to tighten the interest rate stance the tightening should be gradual…
Necessity is the Mother of Invention – Retirees Desperate Reach for Yield
byBen Bernanke’s creativity inspired a generation of economists and central bankers. QE, ZIRP and NIRP established a new class of economics that is mathematically…
“Economic Logic” by Mark Skousen is available
bySQUARING THE MISES CIRCLE “Eureka! Skousen has done the impossible. Students love it! I will never go back to another textbook.” – Professor Harry Veryser,…