Cobden Centre Seminar at the Bank of England – Detlev’s Speech
bySpeech – Bank of England July 11, 2017 From Gold Standard to PhD Standard – The last 100 Years of Money and Central Banking…
Austrian School
Bank of England Seminar Last Week – Thanks to the Bank
byThanks to the Bank of England for inviting us to do a seminar on the Austrian School of Economics last Tuesday. Cobden Centre contributors Detlev…
Why US wages growth remains subdued?
byThe yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4%…
Understanding money and prices
byThis article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is…
Why profitability and not risk should be primary consideration in asset allocation
byIt is widely held that financial asset markets always fully reflect all available and relevant information, and that adjustment to new information is virtually…
Is the criteria for the model selection its predictive power?
byIn order to make the data “talk,” economists utilize a range of statistical methods that vary from highly complex models to a simple display…
The velocity of money myth
byEffect of changes in money supply on economic activity and prices is a velocity of money. It is alleged that when the velocity…
Debts, Bastiat and modern economics
byThere is a well-worn conundrum told about a stranger, who walks into the hotel in a remote, sleepy village in Mexico, and reserves a…
Money out of “thin air” and economic cycles
byAccording to the Nobel Laureate in Economics, Milton Friedman, the root of the business cycle is the fluctuations in the growth rate of money…
Does the existence of unemployed resources justify easy money?
byOnce an economy falls into recession many commentators tend to express concern that as a result of the economic slump there are now…