Keeping the Bubble-Boom Going
byThe US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period…
Austrian School
The Cobden Centre is attending the #JacksonHoleSummit
byThe Cobden Centre will be attending The Jackson Hole Summit in Wyoming this week timed to happen alongside the Federal Reserve’s annual symposium there….
Economic bust and stable price levels
byThe yearly rate of growth of the personal consumption expenditure (PCE) price index adjusted for food and energy stood at 1.3% in June –…
Eugen von Böhm-Bawerk: That 70s Show – episode 1
byFrom Eugen von Böhm-Bawerk’s blog. Source: http://bawerk.net/2015/08/05/that-70s-show-episode-1/ In several articles we have shown how the world changed from the 1970s with the breakdown of the old…
The Unseen Consequences of Zero-Interest-Rate Policy
bySource: Ronald-Peter Stöferle at https://mises.org/library/unseen-consequences-zero-interest-rate-policy In a dynamic economy, an action not only triggers just one effect, but always an entire series of different consequences….
George Gilder Shows Paul Krugman Why Modern Macroeconomics, Not The Gold Standard, Is Anti-Scientific
byJuly 9th was the anniversary of the most famous speech of any presidential campaign. William Jennings Bryan, in a speech to the 1896 Democratic convention, declaimed…
An “Austrian” Economist’s Advice For Greece And The EU
byFor months, now, the mass media and the financial markets have anxiously watched and waited to see the outcome of a war of words,…
Should Greece loosen its fiscal and monetary stance?
byThe International Monetary Fund (IMF) confirmed that Greece had not made its scheduled 1.6 billion euro loan repayment to the fund. As a result…
The US natural unemployment rate and the Fed’s interest rate policy
byIn May the US unemployment rate stood at 5.5% against the rate of 5.3% for the natural unemployment also known as the Non-Accelerating Inflation…
Managing trade deficits
byCurrency devaluation is seen by nearly every macro-economist to be the cure for trade deficits. Recently they have recommended it to Greece, arguing for…