The trouble with cash
byWhen interest rates are zero and it costs a bank to look after your money it becomes an unattractive asset. Banks in some jurisdictions…
Goodbye to all that
by“Funny how bonds were labelled “certificates of confiscation” back in the early 1980’s when yields were 14%. What should we call them now ?”…
Controlling copper and silver prices
byThere is an unwarranted assumption that market prices are always right, and represent “fair value”. In the case of commodities, particularly metals, this is…
More Spending Is Not The Answer To A Slow Economy
byOld fallacies never seem to die, they just fad away to reemerge once again later on. One such fallacy is that if there is…
A Portrait of the Classical Gold Standard
by[This excellent article, by Marcia Christoff-Kurapovna, first appeared here https://mises.org/library/portrait-classical-gold-standard] “The world that disappeared in 1914 appeared, in retrospect, something like our picture of Paradise,”…
Free Trade Benefits Vs. Fears Of Foreign Goods
by[This piece first appeared here http://www.epictimes.com/richardebeling/2015/05/free-trade-benefits-vs-fears-of-foreign-goods/] Japanese Prime Minister Shinzo Abe spoke before a joint session of the U.S. Congress on April 29, 2015 and…
Unsafe at any price
by“Everyone is bullish. Contrarians know that must be bearish. However, everyone has been bullish for a while, yet the S&P 500 rose to a…
Is the Keynesian multiplier a real thing?
byIt is accepted by most economists that initial increases in consumer or other outlays tend to set in motion a reinforcing process which supposedly…
Why deflation is unlikely
byFinancial markets are becoming aware that the US economy is stalling, so investors increasingly take the view that with demand likely to stagnate or…
Think Different About Purchasing Power
byThe dollar is always losing value. To measure the decline, people turn to the Consumer Price Index (CPI), or various alternative measures such as…