Contra Richard Koo and the Keynesians: it is not about ‘aggregate demand’ but about real prices
byI do not want to waste your time and my energy with shooting down misguided Keynesian schemes all the time, schemes that have been…
deflation
Is deflation a major threat to the eurozone?
byIn its October 2012 World Economic Outlook report the International Monetary Fund (IMF) said that the European Central Bank (ECB) should keep interest rates…
A vicious cycle
byFor some months now, leading indicators the world over have been pointing toward slower growth ahead. It’s not just about the euro-area any more….
A new gold standard?
byThe US Republican Party recently announced its intention to set up a “gold commission”, to examine the feasibility or not of returning to a…
From deflation push to inflation shove
byDefining terms Economists have a word for recessions that occur prior to a previous GDP peak: A depression. Yes, when the normal economic growth…
The deflation delusion
byYears ago a friend of mine in New York told me about his massively overweight neighbour who took to wearing a black t-shirt with…
Thinking inside the box – Chatham House on gold
byLast week, Chatham House, formerly known as the Royal Institute of International Affairs and a non-profit, non-governmental institution in London whose “mission is to…
Loose monetary and fiscal policies, not high levels of debt, are the real economic threat
byIn his Outside the Box E-Letter February 13 2012, respected economic commentator John Mauldin presents an interview with Dr Lacy Hunt, a highly regarded…
ValueWalk interviews Detlev Schlichter
byReproduced by kind permission of Jacob Wolinsky at ValueWalk.com Can you tell us a little bit about your background? I studied economics in my…
The Debt–Inflation Cycle and the Global Financial Crisis
byPreviously published in Global Policy, Volume 2, Issue 2, May 2011 London School of Economics and Political Science. Peter J. Boettke and Christopher J….