Neil Macdonald of the CBC recently did an investigative piece on central bankers and what they’re doing to the world’s economies. Mark Carney was featured heavily. He told Macdonald, “there is no secret cabal orchestrating things,” despite CBC’s own findings
The 21st century has been one marked by low interest rates and even lower real interest rates. In response to the dot-com crisis of 2001 Western governments embarked on a policy of low interest rates in order to stimulate the
Just a few days ago the US Department of Homeland Security seized and shut down the Canadian sports gambling site www.bodog.com. Â Bodog did not have any American clients, and thought that they had removed all legal liability from US laws
Keynesian blogger extraordinaire Matt Yglesias’ new Slate article is yet another attempt from a mainstream econ pundit to delegitimize the Austrian school by misrepresenting key aspects and its applicability to the crisis today. Robert Wenzel has already done a superb
As the Republican presidential candidate primary elections heat up, it looks like another case of “the law is flexible for me and not you” has made an appearance. From CBS News: FORT DODGE, Iowa – Texas Gov. Rick Perry, former
Often the only two Austrian-minded investors with a clue, both Rogers and Faber see the same things coming in 2012: more government spending, more debt accumulation, another economic downturn, and, of course, more money printing. [youtube_sc url=http://www.youtube.com/watch?v=rj8iisalRq8] Examiner.com: Australia Financial
A recently released research paper from a number of economists titled “Econometric Measures of Connectedness and Systematic Risk In The Finance and Insurance Sectors” contains this interesting graphic highlighting the substantial increase in financial interconnectedness over the past 15 years
One of the key lessons in economics is recognizing the difference between what is good for the producer and what is good for the consumer. Those who decry “unfair” business practices often do so in order to gain special privileges
Via Bloomberg Businessweek (h/t Redmond Weissenberger) A change in the way Brazil gauges inflation will help the central bank near its targets, enabling it to keep cutting interest rates, said Guilherme Figueiredo, hedge fund director at M. Safra & Co.Figueiredo’s
Last August, Bloomberg news released some uncovered details from its hard fought “Right to Know” request it launched against the Federal Reserve and its actions during the heat of the financial crisis. Though lauded with praise by numerous media outlets,
Stop me if you have heard this one before-”Wall Street needed bailed out or else the world economy would have gone over a cliff.” That’s it, end of story. The possibility that anything but grey skies and storm clouds waited
A recent statement by David Frum has been making the rounds on the internet recently that should give everyone pause: Imagine, if you will, someone who read only the Wall Street Journal editorial page between 2000 and 2011, and someone in
Originally Posted on mises.org, Wednesday, May 26th, 2010. On May 3, 2010, I gave a talk to a class of students studying public health policy at the University of Washington. I began the talk by asking the students how many
The Federal Reserve announced yesterday that they will engage in a policy called “the twist” – meaning they will sell some of their short-term US treasury holdings in exchange for long-term US treasuries. This is said to be neutral to
Retrieved from the website of the Molinari Institute. Editors note: This piece has been edited for length. The preface has been removed. Read the full length version here. Conflicting schools of thought In historiography different schools of thought exist in
Just a few hours ago, the European Central Bank announced “in coordination with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank, to conduct three US dollar liquidity-providing operations with a maturity of
Originally posted Thursday, April 28th, 2011 on mises.org. [Chicago Mises Circle, April 9, 2011. You can listen to this speech here.] “There are many, many left-wingers whose primary motivation for their left-wing political stance is the very libertarian impulse to
With the recent market turmoil, investors of all types are increasingly turning to an asset class that has been out of favour for decades; precious metals. Gold in particular is attracting serious attention. In recent months we’ve seen Bill Gross
In stark contrast to that all-too-Canadian tradition of Canadian–focused scholarship being funded by the Canadian state, through various government subsidy programs, I am attempting to execute a free market approach to funding my efforts at writing a free market libertarian
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