Our obsession with monetary stimulus will end in disaster
byThe following is a commentary I wrote for The Forum section of London business-paper City A.M. The link is here. It is now six…
Financial Stability
Storm warning
by“When Nobel Prize-winner Joseph Stiglitz was asked in Germany this week if the country and its neighbours would suffer a lost decade, his response…
The crisis of interventionism, the end of globalisation, and the looming tech trade war
by“I say to all those who bet against Greece and against Europe: You lost and Greece won. You lost and Europe won.” –Jean-Claude Juncker,…
Understanding Argentina’s Coming Default
by[Editor’s note: this piece first appeared on mises.org] At the time of this writing, Argentina is a few days away from formally defaulting on its debts.How…
Is This China’s QE?
by[Editor’s note: this piece was first published at Zero Hedge, which has had several excellent articles tracking the effusions of the PBOC and their…
Monetary discord
byLast Monday’s Daily Telegraph carried an interview with Jaime Caruana , the General Manager of the Bank for International Settlements (the BIS). As General Manger,…
Competition and Finance
by[Editor’s note: The Cato Institute will be publishing Cobden Senior Fellow Kevin Dowd’s work “Competition and Finance” for free in ebook format. The following…
Wood will burn
by“I am definitely concerned. When was [the cyclically adjusted P/E ratio or CAPE] higher than it is now? I can tell you: 1929, 2000…
GO: J.M. Keynes Versus J.-B. Say
by[Editor’s Note: this piece, by Steve H Hanke, Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the…
A time of universal deceit
by“Individuals who cannot master their emotions are ill-suited to profit from the investment process.” – Ben Graham. “What really broke Germany was the…