Zero Hedge: Fed Chair Janet Yellen Warns Congress US Debt Trajectory Is Unsustainable
byDuring her testimony this morning, Fed Chair Janet Yellen urged Congress to take into account the growth trajectory of the federal debt when making decisions…
The Bernanke-Yellen Bubble-Depression
byby Mark Thornton Source here: https://mises.org/blog/bernanke-yellen-bubble-depression In a recent article I advocated for a new way of naming business cycles. The new approach emphasizes the cause rather than the…
Why US wages growth remains subdued?
byThe yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4%…
Understanding money and prices
byThis article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is…
The Future of Money Conference
byLast Friday I had the pleasure of giving the keynote speech at the Future of Money Conference in Leipzig. This was one of the…
Borrowed time
by“Remainers who wish to reverse the vote should go live in a banana republic, where reversing undesired vote outcomes is de rigueur.” Tweet from…
Why profitability and not risk should be primary consideration in asset allocation
byIt is widely held that financial asset markets always fully reflect all available and relevant information, and that adjustment to new information is virtually…
Lord Acton on the American Constitution
byAT THE TIME of the utmost degradation of the Athenian democracy, when the commanders at Arginus~ were condemned by an unconstitutional decree, and Socrates…
Government Monopoly Money vs. Personal Choice in Currency
byFor more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from…
Is the criteria for the model selection its predictive power?
byIn order to make the data “talk,” economists utilize a range of statistical methods that vary from highly complex models to a simple display…