The relationship between money and prices
byThe quantity theory of money and its accompanying equation of exchange are generally accepted as defining the relationship between money and prices. The equation…
Inflation
Intervening in bankers’ pay
byI attended a lecture recently given by Dr. John Thanassoulis from Oxford University. His objective in this lecture was to explore the question of…
Going all in
byFor several long months now, the market has been treated to an unadulterated diet of such gross monetary irresponsibility, both concrete and conceptual, from…
The best opportunity for the rehabilitation of Austrian economics
byIn a recent email, Sean Corrigan highlighted the following excerpt from Ludwig M. Lachmann‘s essay Austrian Economics in the Age of the Neo-Ricardian Counterrevolution….
Why Japan should not fight deflation
byOn January 22, 2013 policy makers of the Bank of Japan (BOJ) voted for a 2% inflation target, to be achieved “at the earliest…
Mish Shedlock’s case for deflation
byEpisode 91: GoldMoney’s Andy Duncan speaks to Mike “Mish” Shedlock about the entire global financial situation, but particularly focusing upon the debate between those who…
Poor Tim Harford
by“The world is moving step by step towards a de facto Gold Standard, without any meetings of G20 leaders to announce the idea or…
The continued wealth divide
byLuxury carmaker Rolls-Royce’s 2012 financial results must have brought new worries to those concerned with the growing wealth divide. Rolls-Royce reported a third consecutive…
The true significance of the $1 trillion coin
byUnder President Obama the debt of the United States government has grown by about 50%, and now stands at close to $16 trillion. Every…
The curse of the reserve currency
byIs reserve currency status an economic blessing or a curse? The answer might seem obvious, as reserve currencies have been shown to confer lower…