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…
monetary policy
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.”…
As Germany loses battle for ECB, QE goes global
byWhat is Super Mario up to? First, he gave an unexpectedly dovish speech at the Jackson Hole conference, rather ungallantly upstaging the host, Ms…
Our obsession with monetary stimulus will end in disaster
byThe following is a commentary I wrote for The Forum section of London business-paper City A.M. The link is here. It is now six…
Did “The Nixon Shock” Lead to Nixon’s Resignation?
byThis month we observe the 40th anniversary of the resignation, under threat of imminent impeachment, of President Richard M. Nixon. Nixon aide and loyalist…
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…
Stagflation is, always and everywhere, a Keynesian phenomenon
byAlthough it might seem odd for a school of economics to largely ignore the role of money in the economy, this is indeed the…
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…
Bedtime for Bondo
by“By sacrificing quality an investor can obtain a higher income return from his bonds. Long experience has demonstrated that the ordinary investor is wiser…
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…