Why the Fed’s Bazooka Will Not Stop a Wave of Corporate Defaults
byBy Benn Steil and Benjamin Della Rocca Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on…
Lending
Central banks and money creation is there any connection?
byAccording to traditional economics textbooks, the current monetary system amplifies the initial monetary injections of money. The popular story goes as follows: if the…
The Swiss Private Bankers Should Be a Model for Bankers Everywhere
byBy Marcia Christoff-Kurapovna for mises.org The strong showing in banking stocks may show some optimism following the presidential election victory of Donald Trump. But, a healthy…
Eugen Böhm von Bawerk: Chinese Dragon: Breathing Credit Fumes
byEconomic forecasting, no matter how complex the underlying model may be, is essentially about extrapolating historical trends. We showed last week how economic models…
The only game worth playing
by“I cannot leave this subject as though its just treatment wholly depended either on our own pledges or economic facts. The policy of reducing…
Falling Interest Causes Falling Wages
byInterest rates have been falling for over three decades. Conventional economics has two things to say about this. One, inflation expectations are falling. Monetarists…
A matter of trust
by“Popping down to #guardiancoffee later on to order a ‘Toynbee’: short, rich and intensely bitter.” – Tweet from Robbie Collin (chief film critic, The…
Swiss National Bank Throws Banks, Self Under Bus
byIn 1985, Arnold Schwarzenegger played John Matrix in the action movie, Commando. One line stands out. While dangling a bad guy over the edge…
Antisemitism and Banking
by[Editor’s Note: this piece, by Ivo Mosley, first appeared at http://defendinghistory.com/antisemitism-banking/69351] A good deal of today’s anti-Semitism rests upon the fantasy that ‘the Jews’…
Whatever happened to the rate of interest?
byAccording to the French historian Fernand Braudel, to understand the present we should master the whole of world history. The same may be said…