How Do People Destroy Their Capital?
byI have written previously about the interest rate, which is falling under the planning of the Federal Reserve. The flip side of falling interest…
Austrian School
An Encore from Max Rangeley and Lord Turner?
byIt’s a pity Max Rangeley’s recent interview with Lord Turner couldn’t have run on a little longer. His last question, to my mind, closed…
Doubtful
by“Sir, Martin Wolf writes: “It may be hard to avoid crises but it is vital to make them both small and rare.” (“In the…
The declining interest rate cap
byBelieve it or not, one of the topics in economics that confuses macroeconomists is the actual role of interest rates. For the most part…
The Fed Can’t Raise Rates, But Must Pretend It Will
byWaiting for Godot is a play written by the Irish novelist Samuel B. Beckett in the late 1940s in which two characters, Vladimir and…
Liam Fox’s Speech to the IEA on Honest Money
byDr Fox gave his speech on honest money to the IEA last week. The video can also be viewed here: http://www.iea.org.uk/multimedia/video/rt-hon-liam-fox-on-honest-money It is…
Should central banks fight a decline in price inflation?
byThe yearly growth rate of the US consumer price index (CPI) fell to 0% in September from 0.2% in August and 1.7% in September…
Crony Capitalism the Cause of Society’s Problems
bySince the economic downturn of 2008, the critics of capitalism have redoubled their efforts to persuade the American people and many others around the…
Federal Government Introduces a New Macro Statistic: A Triumph in Supply-side “Austrian” Economics and Say’s Law
byMark Skousen, The Structure of Production. New York University Press. Third revised edition, 2015, 402 pages. $26 paperback. Available on Kindle. To buy…
Economics & International Studies Seminar: John Phelan
by14 October 2015 16:15 – 18:00 John Phelan, Capital Economics “The Road Not Taken – The Hard ECU; Britain’s Alternative to the Euro” In 2009…