Merry Christmas from TCC: Treasury Select Committee to examine low interest rates
byNext year there will be a parliamentary enquiry into the effects of ultra low interest rates and other mechanisms of radical monetary policy. It…
money supply
George Selgin: Has the Fed been Holding Down Interest Rates?
bySource: https://www.alt-m.org/2016/12/01/fed-holding-interest-rates/ ONCE UPON A TIME, when my twin brother and I were tots, our father convinced us that he could make a traffic light…
Unemployment and inflation: is there any relation?
byA fall in the US unemployment rate to 4.6% in November from 4.9% in the month before and 5% in November last year has…
When wonks go rogue
by“..The iron convention observed by almost everyone in showbiz: no matter which way you vote in private, you must always pretend in public that…
Is the glut of saving behind downtrend in natural interest rate?
byIn his speech at the New York Federal Reserve of New York on October 5 2016 the Federal Reserve vice Chairman Stanley Fischer has…
Pound Sterling troubles would have been irrelevant with Free Banking
byThe violent exchange-rate fluctuations in pound sterling raise a host of issues that are causes for concern. Increased inflation is one of the primary…
The Humours of Change Alley
byI was recently flattered to be asked how I envisaged the dreaded ‘helicopter money’ working if it were not to simply add further to…
Ease this
by“There is no simple, painless solution. The world has to reduce debt, shrink the financial part of the economy, and change the destructive incentive…
Should we be concerned with the fall of money velocity?
byA fall in the US velocity of money M2 to 1.44 in June from 1.51 in June last year and 2.2 in May 1997…
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…