The levee gonna break – Debt, demographics, productivity and financialization
byIn a March paper from the Kansas City Federal Reserve Bank – The Lasting Damage from the Financial Crisis to U.S. Productivity – the…
Alleviating Inequality through enabling a Choice of Monies
byAlthough the myriad of benefits that is entailed through a choice of monies (unemployment, trade, credit market and so on) has often been exposited,…
Governments Create Monopolies And Cause Worker Exploitation, Not Free Markets
byThe world is threatened with a renewed wave of anti-capitalism and anti-business sentiments and policies. Many who cheered the demise of Soviet communism in…
Raghuram Rajan: “The Ammo Is Almost Gone”
bySource: http://www.zerohedge.com/news/2016-05-16/mutiny-among-magic-people-india-central-banker-admits-ammo-almost-gone The self-described “magic people” who “give to the markets” are facing a mutiny this morning as Raghuram Rajan, the head of the Indian…
The Endgame
byThere is a growing fear in financial and monetary circles that there is something deeply wrong with the global economy. Publicly, officials and practitioners…
Arizona Governor Ducey Vetoes Gold
byIn my testimony in support of the gold legal tender bill this year, I discussed failing pension funds. Retirees who count on their pension…
Should the Gold Price Keep Up with Inflation?
byThe popular belief is that gold is a good hedge against inflation. Owning gold will protect you from rising prices. Is that true? Most…
How I Became A Libertarian And An Austrian Economist
byI suppose I can date my interest in both libertarianism and Austrian Economics from the day I was born. The doctor grabbed me by…
Annual IEA Hayek Memorial Lecture
byThe Institute of Economic Affairs and CQS are pleased to invite you to the Annual IEA Hayek Memorial Lecture. The lecture will be delivered…
Free Markets Do Not Need Negative Interest Rates
byMartin Wolf, associate editor and chief economics commentator at the Financial Times, seems to have forgotten the nature of interest rates and their coordinating…