The errors of Keynes
byThe Austrian School of economics has provided the world with devastating critics of Keynes’s magnum opus The General Theory of Employment, Interest and Money (TGT) for…
The deflationary spiral bogey
byWhat is deflation? According to dictionary.com, it is “a fall in the general price level or a contraction of credit and available money.” Falling prices….
Cooperation breakdown
byThe evidence of a major breakdown in global economic and monetary cooperation continues to mount. Just yesterday, the G7 released a statement regarding foreign…
FreedomFest 2013, Las Vegas
byCobden Centre readers based in the US, along with those who fancy a visit, are invited to … FreedomFest, July 10-13, 2013: Just think…
The constant taking of the soft political option
by“On October 15, the mark’s rate against the pound passed 18 milliards. On October 21, after the mark had moved in three days from…
The best opportunity for the rehabilitation of Austrian economics
byIn a recent email, Sean Corrigan highlighted the following excerpt from Ludwig M. Lachmann‘s essay Austrian Economics in the Age of the Neo-Ricardian Counterrevolution….
Cyclical déjà vu
byThough it might seem a churlish observation to make amid so much barely-suppressed exuberance about the prospect for the markets in 2013, in many…
This is going to end badly
by“Our experts think that equity valuations now look attractive.” – From a Fidelity advertisement in the FT, 2 – 3 February 2013. You may…
London Mises Circle meetings
byFollowing the success of the first London Mises Circle meeting at the Institute of Economic Affairs in November, after a Christmas break we are…
The impossibility of economic calculation in a fiat world
byThe purpose of keeping accurate accounts is to quantify net worth at any given point in time – as well as the change from…