The Real Fed Tug Of War: the Yellen Doctrine vs. the Volcker Doctrine
byThe financial markets are on a hair trigger as to when, and how quickly, the Fed will tighten and raise interest rates. Billions of…
money supply
We seem to have miscalculated
by“What will futurity make of the Ph.D. standard ? Likely, it will be even more baffled than we are. Imagine trying to explain the…
Commodities and the dollar
byEach commodity market has its own story to tell: oil prices are falling because OPEC can’t agree production cuts, steel faces a glut from…
Striking gold
by“Sir, Martin Wolf in his article “Radical cures for unusual economic ills” suggests an abandonment of free market capitalism, as it has been practised…
Money Creation and Society Debate in Full
by[Editor’s Note: The “Money Creation and Society” debate, which took place in the UK Parliament on Thursday the 20th November 2014, is shown below…
Bank gearing in the Eurozone
byAccording to the ECB’s Bank Lending Survey for October banks eased their credit standards in the last quarter, while their risk perceptions increased. This…
China’s gold strategy
byChina first delegated the management of gold policy to the People’s Bank by regulations in 1983. This development was central to China’s emergence as…
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…
Market failure
by“There are two ways of learning how to ride a fractious horse; one is to get on him and learn by actual practice how…
Is an increase in capital goods orders always good for the economy?
byOrders for US non-military capital goods excluding aircraft rose by 0.6% in August after a 0.2% decline in July to stand at $73.2 billion….