Macro Economics

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Europe’s Voters Say “No” to Economic Reality

May 10th, 2012 | By | Category: Featured, Macro Economics
"Europe fights back against austerity" was how The Daily Telegraph headlined its weekend election coverage. "Anti-austerity movements are gathering pace across Europe following political earthquakes in France and Greece. A total of 12 European governments have now been dismissed in three years." As the European welfare state is officially in its ...read more

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Posted in Featured, Macro Economics | 5 comments


How To Debate Paul Krugman

May 2nd, 2012 | By | Category: Featured, Macro Economics
Paul Krugman is the high priest of Keynesianism and modern interventionism, of economic improvement through inflation and budget deficits. As such he is bête noir among us libertarians and Austrian School economists. What makes him so annoying is his unquestioning, reflexive and almost childlike enthusiasm for state intervention, even in the ...read more

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Posted in Featured, Macro Economics | 6 comments


Ben Bernanke Considers Your Happiness and Security Expendable

Mar 29th, 2012 | By | Category: Featured, Macro Economics
"Ben Bernanke the money bomber has resorted to delivering his anti-gold, pro-fiat sermons to captive audiences on US college campuses," writes Dan Denning of The Daily Reckoning Australia. That's right. Bernanke is taking his easy money message to the streets. According to Bloomberg: "Now that the weather is nice, I'm half-expecting Ben ...read more

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Posted in Featured, Macro Economics | 1 Comment »


Economics of the Timeline

Mar 14th, 2012 | By | Category: Economics, Featured, Macro Economics
Most of us hadn't thought about Davy Jones of the Monkees in many years. Suddenly, he died at the age of 66 and we were all instantly living in his world. Tributes were everywhere. His YouTube videos were slammed with hits. Praise for his life and works appeared on blogs ...read more

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Posted in Economics, Featured, Macro Economics | 4 comments


Is a Mortgage a Better Inflation Hedge Than Gold and Silver?

Mar 13th, 2012 | By | Category: Featured, Macro Economics
Sell Your Gold. Buy a House. Put Nickels in It. Normally we would not look upon buying a single family house for personal use as an investment. But these are strange times we live in. Why don’t we consider a single-family house for personal use an investment? In a completely free market (and ...read more

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Posted in Featured, Macro Economics | 2 comments


The Fed’s Newest Trick

Mar 8th, 2012 | By | Category: Featured, Macro Economics
Gary Gibson, Introduction... Does the Fed's latest colorfully named plan amount to anything more than money printing and legerdemain? Will it not punish savers and interfere with oh so vital capital accumulation? Jeffrey Tucker is on hand to take a look in today's feature article. And then we get real in today's Parting ...read more

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Posted in Featured, Macro Economics | 8 comments


First We Conquer Iceland

Mar 7th, 2012 | By | Category: Featured, International, Macro Economics, Politics
The law of unintended consequences states that actions, especially governmental ones, always have unintended and unpredictable effects. These unanticipated effects can be far more powerful than the planned ones. Thus, economists often use this law as a warning to politicians that policies commonly 'achieve' the opposite of their intentions. For ...read more

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Posted in Featured, International, Macro Economics, Politics | 3 comments


The Schiff Machine

Feb 29th, 2012 | By | Category: Economics, Featured, Macro Economics
You have probably seen Peter Schiff on television, not once but many times. Among the legions of indistinguishable talking heads out there, he stands out. He makes sense. He draws attention to reality. He is disregarding of the opinion conventions that prevail on the financial news networks and just comes ...read more

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Posted in Economics, Featured, Macro Economics | 1 Comment »


There Will Be No End to Quantitative Easing

Feb 9th, 2012 | By | Category: Featured, Macro Economics
The Bank of England is expected today to announce another round of debt monetization, called "quantitative easing". A majority of economists polled by Dow Jones Newswire earlier this week expected the central bank's policy committee to agree "to £50 billion ($79 billion) of additional bond purchases using freshly created money ...read more

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Posted in Featured, Macro Economics | 3 comments


The Transformation of Banking

Jan 30th, 2012 | By | Category: Featured, Macro Economics
There is a scene in the Parable of the Talents in which the returned master berates the shabbiest of his three servants. Discovering that he had buried his seed capital in the ground, the master says: "You should have put my money on deposit with the bankers, so that when ...read more

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Posted in Featured, Macro Economics | 6 comments


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