The importance of randomness
byThe greatest strength of a truly free market economy, where money is sound and does not corrupt prices, is the absence of cyclical action….
Economics
Expected Losses are Not Baked into the Risk Weights
byBy Tim Bush and Kevin Dowd On December 15th 2015 there was an interesting exchange on the Treasury Committee between Steve Baker MP…
The ‘Free Market Multiplier Effect’
byOne of the basic concepts taught in first-year university economics classes around the world is the intuitively powerful though regularly abused ‘multiplier effect’. The…
Will technology change the prospects for emerging market growth?
byThe challenge to low-cost manufacturing in emerging markets is from technology Some industries will benefit but many jobs will be displaced globally The mercantilist…
The Consumer Price Index, a False Indicator of Our Individual Costs-of-Living
byFor years the Federal Reserve and many other central banks around the world have declared that a key element of monetary policy is the…
Benn Steil: RMB Globalization, Once “Unstoppable,” Heads Into Reverse
by“The globalisation of the [Chinese RMB] seems remorseless and unstoppable,” the Economist pronounced in April 2014. A year later, a research-grant foundation asked me…
Yellen’s Balance Sheet Baloney
byBy George Selgin Of the many questions reporters asked Janet Yellen on Wednesday, at her press conference following the FOMC’s decision to raise the Fed’s policy…
Should diversification be primary consideration in asset allocations?
byRecently one of the most successful Wall Street investors Warren Buffet urged investors to forget about active investment and simply put their money into…
Improving Student Loan Choice would benefit Higher Education and all involved
byA major set of stakeholders that are particularly nervous about Brexit include the British Higher Education establishment. On the one hand, universities are expecting…
How macro-economic data helps Government and Central Bank weaken wealth formation
byIt is common for commentators and economists in their discussions to continuously refer to something called the “economy” – which sometimes performs well and…