The Global Economy Won’t Bounce Back Soon
byIn February, the general consensus between large investment banks and supranational entities was that there would be a one-time hit to GDP in the…
Austrian School
The questionable role of quantitative methods in economics
byMost economists consider the use of sophisticated mathematical and statistical methods key towards understanding the complexities of economics. They are of the view that…
Government budget deficit and economic growth
byThe US budget had a deficit of $32.6 billion in January compared with a deficit of $13.3 billion in December and a surplus…
Prof. Huerta de Soto’s seminal course in the Austrian School translated into English
byProf. Huerta de Soto would like to dedicate his university lectures to all the members, followers and friends of the Cobden Centre. These lectures…
Why banks are not lenders as such?
byAccording to the popular way of thinking the subject matter of lending is banking activity. It is banks, so it is held that…
Central banks have done nothing to put an end to the boom-and-bust cycle
byAt the 2020 World Economic Forum in Davos, Bob Prince, co-chief investment officer at Bridgewater Associates, attracted attention when he suggested in a news…
Why US productivity data is questionable
byAccording to the US Labor Department, workers productivity in the non-farm sector increased at an annual rate of 1.4% in the fourth quarter…
Expectations and economic growth
byIn various writings, Milton Friedman argued that there is a variable lag between changes in money supply and its effect on real output…
Why more money can’t generate economic growth?
byThe view that more money can revive an economy is based on the belief that money transmits its stimulatory effect through aggregate expenditure….
Why assessing business cycles using the NBER approach is questionable
byMost economists are of the view that by means of economic indicators it is possible to identify early warnings regarding an upcoming recession or…