Money, Macro & Markets
byFirst it was the government’s miraculous ability to deliver on-target GDP growth that got the permabulls bellowing again, then it was the striking (world-beating,…
Inflation
Why doesn’t monetary pumping help economic growth?
byDespite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed…
Keep calm and carry on
byAt the end of July global equity bull markets had a moment of doubt, falling three or four per cent. In the seven trading…
FMQ carries on growing…
byJune’s FMQ components have now been released by the St Louis Fed, and it stands at a record $13.132 trillion. As can be seen…
The Coming Slump
byGovernments and central banks have made little or no progress in recovering from the Lehman crisis six years ago. The problem is not helped…
Is Paul Krugman Leaving Princeton In Quiet Disgrace?
byProfessor Paul Krugman is leaving Princeton. Is he leaving in disgrace? Not long, as these things go, before his departure was announced Krugman thoroughly was…
Where is the US$ heading against major currencies?
byWithin the framework of our econometric model the key variable that drives a currency rate of exchange is the relative money supply rate of…
First glance at MAex
byThe recent update to the MA compilation method revealed a sudden reduction in the growth rate. However this was driven by a mysterious “improvements in…
New private monies can outcompete government monetary systems
by[Editor’s note: this article was originally published by the IEA here] I would like to thank the IEA for today publishing my monograph, New Private…
Keynesian madness: central banks waging war on price stability, savers
by[Editor’s note: This article also appears on Detlev Schlichter’s blog here. It is reproduced with kind permission and should NOT be taken to be…