Do equities (and real estate) give you inflation protection?
byConfronted with the possibility that the endgame of the present experiment in extreme monetary accommodation may be higher inflation and even currency disaster, many…
Economics
The success of “credit easing” on its own terms
byToday, the Telegraph reports, UK house price growth ‘approaching madness’: The speed UK property prices are rising at is “approaching madness”, analysts have warned, after…
Five years of disastrously low interest rates have left Britain addicted to cheap credit
byThis article originally appeared in The Telegraph on 5 March 2014. It is reproduced by permission of the author. Five years ago today, the Bank…
Did the savings glut or massive monetary expansion cause the boom and the bust?
byAmbrose Evans-Pritchard recently pinned the blame for the financial crisis on “Asia’s `Savings Glut’”. This idea is not new. For readers who may have missed…
Happy interventionists: the economist’s attack on your property
byLast week, DIW – the Deutsches Institut für Wirtschaftsforschung (German Institute for Economic Research) – an influential think tank, proposed an ingenious solution to…
What are economists for?
by“Most economists, it seems, believe strongly in their own superior intelligence and take themselves far too seriously. In his open letter of 22 July…
Why mathematics and modeling should not be equated with economics and human action
byA very intelligent friend of mine of markedly different political persuasions said the other day that he avoided “technical economic arguments” with me as…
Phases of the crisis – are we approaching the endgame?
byPhase 1: Greenspan, the arch money crank The Greenspan “put”, and the collective adoption by most central bankers of low interest rates after the…
Science fiction got there before Krugman
byRecently, Paul Krugman claimed that the threat of an invasion by space aliens could bring the US economy out of recession in eighteen months….
Prices and the demand for money
byBanking theory remains one of the most heatedly debated areas of economics within Austrian circles, with two camps sitting opposite each other: full reservists…