Faking it
byThanks to the election of President Trump and his uncompromising attitude to the establishment media, much hot air is being expended on the subject…
Keynesianism
Merry Christmas from TCC: Treasury Select Committee to examine low interest rates
byNext year there will be a parliamentary enquiry into the effects of ultra low interest rates and other mechanisms of radical monetary policy. It…
Benn Steil: Paul Krugman Doubles Down On Fiscal Expansion Claims Contradicted by Data
by“Everything about recent experience,” Paul Krugman says, “suggests that the world desperately needs fiscal expansion to boost demand and … that our sole reliance…
The Left’s Fed Up Makes A Naked Power Grab For Control Of The Fed
byThe left is undertaking an amazing back door plan to dramatically increase its influence over the Fed’s interest-rate-setting Open Market Committee. The key activist…
David Stockman: A Messaging Tip For The Donald: It’s The Fed, Stupid!
byThe Fed’s core policies of 2% inflation and 0% interest rates are kicking the economic stuffings out of Flyover America. They are based on the specious academic…
Does UK need looser fiscal stance to cushion Brexit?
by“We are all Keynesians now, so let’s get fiscal” – this is one view according to Ambrose Evans-Pritchard[1] from The Telegraph who believes the…
The Warren Buffet Economy: How Central Bank Enabled Financialization Divided America
byBy David Stockman During the 29 years after Alan Greenspan became Fed chairman in August 1987, the balance sheet of the Fed exploded from $200…
Clinton And Trump Embody Plunder And Paternalism
byOPINION – Whether it is Hillary Clinton or Donald Trump who stands on the steps of the Capitol Building in Washington, D.C in January…
The Central Planning Virus Mutates
byBy Pater Tenebrarum Chopper Pilot Descends on Nippon Readers are probably aware of recent events in Japan, the global laboratory for interventionist experiments. The theories…
Why output gap is an empty abstraction
byAccording to popular thinking the key cause behind either inflation or deflation is the difference, or the gap, between what an economy is producing…