The Truth Behind The Swiss Gold Referendum
byA recent column in US News & World Report, The Swiss Gold Rush by Pat Garofalo, its assistant managing editor for opinion, is subtitled…
Financial Stability
The Gold Standard Did Not Cause The Great Depression, Part 1
byAEI’s James Pethokoukis and National Review’s Ramesh Ponnuru — among many others — appear to have fallen victim to what I have called “the…
Markets and reality disconnected
byThe behaviour of financial markets these days is frankly divorced from reality, with value-investing banished. Markets have become distorted by Rumsfeld-knowns such as interest…
A market reset due
byRecent evidence points increasingly towards global economic contraction. Parts of the Eurozone are in great difficulty, and only last weekend S&P the rating agency…
Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve
byThe U.S. financial system faces a major, growing, and much under-appreciated threat from the Federal Reserve’s risk modeling agenda—the “Fed stress tests.” These were…
A black mark for benchmarks
by“Sir, So Ed Miliband “forgot” to mention the deficit. This from a man who was a key member of the team that ran up…
Does low US price inflation provide room for a more aggressive Fed?
byThe US Federal Reserve can keep stimulating the US economy because inflation is posing little threat, Federal Reserve Bank of Minneapolis President Kocherlakota said….
The Taylor Rule Won’t Save Us
by[Editor’s Note: This article, by Mateusz Machaj, first appeared at mises.org] Various criticisms have been raised against the Fed, not only from the side…
Understanding Deposit Insurance (I): Deposit Insurance is a Creature of the State
byDeposit insurance is one of the most misunderstood – and also most dangerous – forms of government intervention into the financial system. Let’s…
As Germany loses battle for ECB, QE goes global
byWhat is Super Mario up to? First, he gave an unexpectedly dovish speech at the Jackson Hole conference, rather ungallantly upstaging the host, Ms…