Free Markets Do Not Need Negative Interest Rates
byMartin Wolf, associate editor and chief economics commentator at the Financial Times, seems to have forgotten the nature of interest rates and their coordinating…
Austrian School
Bawerk.net: Hillary Will be the Least of Your Worries – America has Economic Diarrhea
byAccording to the National Bureau of Economic Research (NBER), the official recession arbiter, the US economy is currently at its fourth longest expansion in…
The Road to Canossa
byThat the artificial interest rates in evidence in our hugely distorted capital and money markets can be made negative in nominal as well as…
Surviving Mission Creep
by“So there is another reason why Europe isn’t growing and it’s one the central bank can do nothing about. Namely, the 19 governments of…
Guessing the future without Say’s law
byWith Japanese and Eurozone interest rates becoming increasingly negative, and the Fed backing off from at least some of the planned increases in the…
Government price fixing has a 100% failure rate – this includes central banks
byThe following, by Max Rangeley and Steve Baker MP, was published by Moneyweek’s Fleet Street Newsletter http://www.fleetstreetletter.co.uk/. Over the previous half century, economic central…
Eugen von Böhm Bawerk: Greenspan, the Sheepherder
byIt is common knowledge by now that Federal Reserve Chairman Alan Greenspan oversaw, enabled and approved of, a major transition in the US economy….
Downtrend in the growth rate of money supply poses a threat to bubble activities
byThe yearly growth rate of real gross domestic product eased to 1.9% in Q4 from 2% in the previous quarter. Using our large scale…
Wilhelm Röpke: The Economist Who Stood Up To Hitler
bySometimes there are men of principle who live their values and not merely speak or write about them. People who stand up to political…
Where Negative Interest Rates Will Lead Us
byDespite zero-interest-rate-policy (ZIRP) and multiple quantitative easing programs — whereby the central bank buys large quantities of assets while leaving interest rates at practically…