Advice to the Prime Minister/President
byYour country faces a stagnating economy. Let us assume your Prime Minister (or President if that is who holds the executive power) seeks advice…
monetary policy
How Do People Destroy Their Capital?
byI have written previously about the interest rate, which is falling under the planning of the Federal Reserve. The flip side of falling interest…
An Encore from Max Rangeley and Lord Turner?
byIt’s a pity Max Rangeley’s recent interview with Lord Turner couldn’t have run on a little longer. His last question, to my mind, closed…
David Stockman: The Bubble Finance Cycle——What Our Keynesian School Marm Doesn’t Get. Parts 1 & 2
bySource: http://davidstockmanscontracorner.com/the-bubble-finance-cycle-what-our-keynesian-school-marm-doesnt-get/ Part 1 The world of Bubble Finance economies created by the Fed and other central banks is fundamentally different than that prevailing under the “Lite Touch” monetary…
The declining interest rate cap
byBelieve it or not, one of the topics in economics that confuses macroeconomists is the actual role of interest rates. For the most part…
Mises.org: The Fed Desperately Tries to Maintain the Status Quo
bySource: https://mises.org/library/fed-desperately-tries-maintain-status-quo During the press conferences of recent FOMC meetings, millions of well-educated investment professionals have been sitting in front of their screens, chewing…
Ted Cruz Rockets Up With Gold And A Flat Tax
byTed Cruz rocked in the presidential race during the CNBC debate. His biggest breakthrough, even more important than his crowd-pleasing holding the media to…
Eugen von Bohn Bawerk: The Yield Curve and GDP – a causal relationship?
bySource: http://bawerk.net/2015/10/30/the-yield-curve-and-gdp-a-causal-relationship/ One of the most reliable indicators of an imminent recession through recent history has been the yield curve. Whenever longer dated rates…
David Stockman: Professor Bernanke’s Bogus Contra-factual
bySource: http://davidstockmanscontracorner.com/professor-bernankes-bogus-contra-factual-part-1-the-myth-of-great-depression-2-0/ It took no “courage” whatsoever to inflate the Fed’s balance sheet from $900 billion to $2.3 trillion during just 17 weeks in September-December 2008. What…
Only an investment bank could be this obtuse
by“Government powerless to intervene in non-banking industry THE GOVERNMENT HAS confirmed there is absolutely nothing it can do to save the non-London-based steel industry. As thousands…