The Austrian Prescription
byAt the start of the year it has become wearily traditional for us pundits to offer one of two genres of prediction. The first…
Austrian School
Inflation: How it occurs and what are its consequences
byInflation: How it occurs and what are its consequences Guided by Austrian school economics, I have attempted to outline firstly the different mechanisms through…
Pool of wealth and economic bust
byIt has now become settled wisdom that the massive monetary pumping by the US central bank during and after the 2008 financial crisis saved…
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…
Why the free market is the best defence against the money multiplier
bySome commentators are of the view that the present monetary framework is instrumental for the emergence of the so-called money multiplier. Consider the case…
Unemployment and inflation: is there any relation?
byA fall in the US unemployment rate to 4.6% in November from 4.9% in the month before and 5% in November last year has…
Why inflation is not about general increases in prices
byThere is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of goods and services….
There Are Two Types of Credit — One of Them Leads to Booms and Busts
byIn the slump of a cycle, businesses that were thriving begin to experience difficulties or go under. They do so not because of firm-specific entrepreneurial…
Yield Curve Control – the road to infinite QE
byZero Yield 10 year Ever since central banks embarked on quantitative easing (QE) they were effectively taking control of their domestic government yield curves….
Investing through the Looking Glass
by“Winners of the 2017 American civil war will go on to face the winners of the 2017 British civil war in the final” – …