Keynesian ideas can only make things worse
byIn the New York Times on September 8, 2020, Paul Krugman suggested that “The CARES Act, enacted in March, gave the unemployed an extra…
Inflation and Marxism
by“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currency….Lenin was certainly right. There…
America’s Fiscal Follies are Dangerously in the Red
byThe Congressional Budget Office has recently issued a federal “Budget Outlook Update” for the next ten years in the context of the government’s fiscal condition in…
Why trade balance is not the essence of currency exchange rate determination
byIn July this year the US trade balance stood at a deficit of $63.6 billion against a deficit of $51 billion in July…
Trump’s “American Greatness” Also Political Paternalism
byMind your own business. Every one of us has thought or said words to this effect when others have told us how to live…
Step-change at the Fed – Reaching for the stars
byThe Federal Reserve has changed the emphasis of their dual mandate Inflation targeting will become more flexible in the long-run Full employment has…
UNIDOS HACIA EL FUTURO
by“The markets are the product of 1999 & 2007 hooking up for a one night stand.” Tweet by Danielle DiMartino Booth (@DiMartinoBooth), 25th August…
Book Review: The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy
byThis article originally appeared in luckbox magazine, July 2020. In January, the Congressional Budget Office (CBO) released its Budget and Economic outlook for 2020…
An interesting animation on Rothbard’s theory of the Great Depression
byThis is well worth watching and nicely animates the analysis in Rothbard’s classic “America’s Great Depression”.
The Social and Economic Side Effects of Negative Interest Rates
byOur world is currently suffering from acute schizophrenia. Banks are pushing impact and sustainable investing like crazy, companies are subordinating their production sites and…