Money supply versus money demand
byAccording to popular thinking not every increase in the supply of money will have an effect on economic activity. For instance, if an increase…
Economic Cycles
Seek and ye shall find
by“A man who wants to lead the orchestra must turn his back on the crowd.” – Max Lucado. So. Farewell then Jim Slater,…
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…
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…
David Stockman: The Bubble Finance Cycle——What Our Keynesian School Marm Doesn’t Get. Parts 1 & 2
bySource: http://davidstockmanscontracorner.com/the-bubble-finance-cycle-what-our-keynesian-school-marm-doesnt-get/ Part 1 The world of Bubble Finance economies created by the Fed and other central banks is fundamentally different than that prevailing under the “Lite Touch” monetary…
Interview with Lord Turner on Monetary Reform
byLord Turner has been a Senior Fellow at the Institute for New Economic Thinking since 2013, and in 2015 became Chairman of the Institute’s…
Only an investment bank could be this obtuse
by“Government powerless to intervene in non-banking industry THE GOVERNMENT HAS confirmed there is absolutely nothing it can do to save the non-London-based steel industry. As thousands…
Time to End Monetary Central Planning
byThere is no way to describe current Federal Reserve policy other than as monetary confusion and misdirection. In a nutshell, Janet Yellen and the…
Squashed
byAs a child I was fascinated by the concept of a neutron star. A neutron star is the tiny but immensely dense thing that’s…
Equity markets and credit contraction
byThere is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a…