Money Supply Arguments Are Flawed
byIt goes without question, among economists of the central planning mindset, that if a central bank can just set the right quantity of dollars[1],…
monetary policy
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…
Mental men prefer bonds
by“In a time of universal deceit, telling the truth is a revolutionary act.” George Orwell. Japan got there first. 15 years ago, we…
The Monetary Policy Trilemma in light of a Choice of Monies
byOne of the key theoretical and policy obstacles to overcome when trying to enable a genuine choice of monies amongst agents (through enabling them…
Trust no-one
by“Predictably, there is speculation that Brexit will not happen. If Britain can vote for Brexit, it is being argued, surely anything is possible. But…
Benn Steil: What If Japan Becomes Treasury’s First Currency ‘Manipulator’ in 22 Years?
byIn May, Japanese Finance Minister Taro Aso and colleagues warned of their willingness to intervene in currency markets to counteract upward pressure on the…
A Plan to Engender Prosperity in Perfidious Albion – from Pariah to Paragon
by“The state is that great fiction by which everyone tries to live at the expense of everyone else.” “When goods do not cross borders,…
Positively Natural – Pt IV
byTOMORROW, AND TOMORROW, AND TOMORROW So, one last time, let us lay out the argument developed above in the hope of eliminating all obscurity,…
Positively Natural – Pt III
byNO REMEDY IN THIS CONSUMPTION OF THE PURSE But the sort of reasoning we developed in the last of this series is alien to…
Will Japan be the first to test the limits of quantitative easing?
byThe Japanese stock market peaked in December 1989, marking the end of a period of economic expansion which briefly saw Japan eclipse the USA…