This weekend, I had the pleasure to be a guest on the radio program Financial Myth Busting with Dawn J. Bennett. We discussed the inability or unwillingness of politicians and economists alike to learn from past mistakes, and the consequences
Re: Stimulus for Eurozone, but it may be too little or too late Dear Sirs: Your analysis of the likely effect of the European Central Bank’s proposed massive quantitative easing program is full of economic fallacies that, unfortunately, masquerade as
Re: Dollar rise puts Fed under pressure I predict that the Fed will start charging negative interest rates on bank reserve accounts, which will ripple through the markets and result in negative interest rates on savings at banks. I make
Reprinted from the Press and Journal The recent shooting at the French satirical magazine Charlie Hebdo by Islamic extremists has reignited the debate on how to handle the threat of terrorism. The renewed talk is understandable. As horror extraordinaire H.P. Lovecraft
Oh. You didn’t know that Switzerland was part of the European Monetary Union? You thought that the Swiss used their own currency, the Swiss franc? In a definitional sense only, you are correct. Within its monopolized currency area, the political
I previously blogged about my new paper (with GMU’s Phil Magness) critiquing the empirical contribution of Thomas Piketty’s bestseller, Capital in the 21st Century. Our paper recently became the #1 downloaded (in the last 60 days) on the Social Science
From today’s Open Europe news summary: Irish Finance Minister Michael Noonan said yesterday that he would not dismiss the idea of a European conference to discuss a possible debt write-down for crisis-hit Eurozone countries such as Greece, Ireland and Spain.
From today’s Open Europe news summary: Bank of France Governor Christian Noyer told Handelsblatt that, if the ECB were to buy government bonds, he would favour “a cap” in terms of percentage of the market which the ECB can buy. Handelsblatt Le
Everyone knows different countries treat drugs differently. For example, if you get caught buying or selling a large amount of marijuana in Canada, you’re probably not going to get your head chopped off by the government–but in Saudi Arabia, that is the law.
Phil Magness, a historian at George Mason University, and I have a new paper critiquing the empirical contribution of Thomas Piketty’s runaway bestseller, Capital in the Twenty-First Century. Because Piketty is such a hot topic right now, FoxNews and some
Those interested in Canadian Law and Individual Freedom might be interested in attending this conference that will be held in Toronto next weekend – Find out more here http://theccf.ca/2015conference/ The Canadian Constitution Foundation is pleased to announce the return
Last year, the car-sharing service Uber had the privilege of being a prime target of the capitalist-loathing left. Not only did the company challenge traditional barriers to entry established by government-friendly cartels, but it earned the distrust of the mainstream
From today’s Open Europe news summary: Preliminary estimates by the Italian national statistics office ISTAT show that Italy’s unemployment rate went up to 13.4% in November, with youth unemployment soaring to 43.9% – a new record high. La Repubblica ISTAT Il Sole