Is the budget deficit an important problem?
byAccording to some commentators the US federal budget deficit still remains a major economic problem notwithstanding that it draws less attention than in the…
Austrian School
Introducing Yield Purchasing Power
byThe monetary debate seems artificially limited. On one side is Federal Reserve policy based on discretion. On the other is policy based on rules….
Is the glut of saving behind downtrend in natural interest rate?
byIn his speech at the New York Federal Reserve of New York on October 5 2016 the Federal Reserve vice Chairman Stanley Fischer has…
Can surveys tell us where the economy is heading?
byTo gain an insight into future economic conditions, many economists follow a variety of consumer and business surveys. The rationale for conducting surveys…
Does UK need looser fiscal stance to cushion Brexit?
by“We are all Keynesians now, so let’s get fiscal” – this is one view according to Ambrose Evans-Pritchard[1] from The Telegraph who believes the…
Should we be concerned with the fall of money velocity?
byA fall in the US velocity of money M2 to 1.44 in June from 1.51 in June last year and 2.2 in May 1997…
Money Supply Arguments Are Flawed
byIt goes without question, among economists of the central planning mindset, that if a central bank can just set the right quantity of dollars[1],…
Why deflation is always good for the economy
byFor most experts, deflation, which they define as a general decline in prices of goods and services, is bad news since it generates expectations…
On Monetary Terrorism
by“Darling.. So No. 3 Commando were very anxious to be chums with Lord Glasgow so they offered to blow up an old tree stump…
The real message from asset inflation
byThe earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies. Central…