“Smacking a skunk with a tennis racket”
by“Finally, as expectations of rapid inflation evaporate, I want to contribute to the debate about the November 15, 2010 letter signed by 23 US…
Markets
Should economics emulate natural sciences?
byEconomists have always been envious of the practitioners of the natural and exact sciences. They have thought that introducing the methods of natural sciences…
Brave new world
by“Sir, Adair Turner suggests some version of monetary financing is the only way to break Japan’s deflation and deal with the debt overhang (“Print…
Road to nowhere
bySpring 2010: A gradual recovery Autumn 2010: A gradual and uneven recovery Spring 2011: European recovery maintains momentum amid new risks Autumn 2011: A…
Like treating cancer with aspirin
by“Sir, Your editorial “A Nobel award for work of true economic value” (October 15) cites the witty and memorable line of J M Keynes about…
A market reset due
byRecent evidence points increasingly towards global economic contraction. Parts of the Eurozone are in great difficulty, and only last weekend S&P the rating agency…
Currency turbulence
byYou’d think that the US dollar has suddenly become strong, and the chart below of the other three major currencies confirms it. The US…
Rethinking Japan’s “Lost Decades”
by[This article, by Peter St. Onge, first appeared at mises.org] One of the great economic myths of our time is Japan’s “lost decades.”…
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…
Stocks and the Stockdale Paradox
by“Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, you’re still around…