Chapter 7: Secrets, Ignorance and Lies: Money, Credit and Debt.
by“The tyranny of fraud is not less oppressive than that of force.” John Taylor of Caroline, Virginia, 1814. Our system of money-creation…
Blockchain and Healthcare Possibilities: Optional Medical Licensure and Healthcare Vouchers
byMilton Friedman provided an exemplary explanation of how a publicly-funded healthcare system (through healthcare vouchers) in a free(r) market where consumers have the choice…
The Keys to Human Prosperity: Individual Liberty and Rule of Law
byWe live at time when, increasingly, the U.S. government operates in arbitrary and discretionary ways. Government regulatory agencies seemingly have unrestrained powers over land-use,…
It’s Not Stupidity, It Is Apathy (For Now)
byTen days ago, it was reported that the Bank of Japan for the first time set aside reserves against expected losses should its massive…
ECB Policy-Failure On Display: European Businesses Aren’t Planning To Invest
byThere once was a time (at least in banished Austrian economic circles) when low market interest rates signaled to entrepreneurs a positive environment in…
Members of the European Parliament just voted to introduce a bitcoin and cryptocurrency regulator
byIt could have been significantly worse. In the words of Jakob von Weizsacker MEP, who drafted the resolution, and whom I had the pleasure of…
Regulation – the hidden curse
byRegulations are nearly always introduced with the best intentions. In financial services, they aim to stop unscrupulous brokers and banks from ripping off the…
Academic Skulduggery – How Ivory Tower Hubris Wrecks your Life
bySource: http://bawerk.net/2016/05/23/academic-skullduggery-how-ivory-tower-hubris-wrecks-your-life/ In the 1970s economists started to incorporate rational expectations into their models and not long after the seminal Kydand & Prescott (1977) article…
Fed Suppression, Long Term Economic Repression
bySource: http://bawerk.net/2016/05/19/fed-suppression-long-term-economic-repression/ The Federal Reserve really wants to raise rates, but they do not dare as the consequence of interrupting an unprecedented level of capital…
Why Deutsche Bank Thinks A Fed Rate Hike Would Unleash A Stock Market Crash
byFollowing this week’s FOMC Minutes shows, which violently repriced June rate hike odds from 4% to 30% and July from 20% to 50%, the…