Home » Posts tagged 'cobden centre' (Page 10)
Tag Archives: cobden centre
The Case for a Gold Currency: Part 1
THE CASE FOR A GOLD CURRENCY: PART 1 The gold standard is a system where the nation’s money supply is determined by the supply of gold that is mined. Over time we have had different types of gold standard economies and countries have even suspended the gold standard during wars (e.g.: WWI). Until WWI the […]
Mises the Man and His Monetary Policy Ideas Based on His “Lost Papers”
MISES THE MAN AND HIS MONETARY POLICY IDEAS BASED ON HIS “LOST PAPERS” One day in 1927 Austrian economist, Ludwig von Mises, stood at the window of his office at the Vienna Chamber of Commerce, and looked out over the Ringstrasse (the main grand boulevard that encircles the center of Vienna). He said to his young friend […]
The Looming Mortgage Liquidity Crisis
THE LOOMING MORTGAGE LIQUIDITY CRISIS Every 10 years or so there is a banking crisis. We are due. However, the furthest thing from most people’s minds with the Trump boom is a banking/financial crisis, except for a few folks at the Brookings Institution, who just released a paper entitled “Liquidity Crisis in the Mortgage Market.” You […]
Why Mainstream Economics Consistently Fails to Explain the Occurrence of Recessions?
WHY MAINSTREAM ECONOMICS CONSISTENTLY FAILS TO EXPLAIN THE OCCURRENCE OF RECESSIONS? In his article released on March 21 2018 – Economics failed us before the global crisis – Martin Wolf the economics editor of The Financial Times expressed some misgivings about macroeconomics. Economics is, like medicine (and unlike, say, cosmology), a practical discipline. Its goal […]
Can Money Pumping Stimulate Economic Growth?
CAN MONEY PUMPING STIMULATE ECONOMIC GROWTH? According to most economic experts when an economy falls into a recession the central bank can pull it out of the slump by means of money pumping. This way of thinking implies that money pumping can somehow grow the economy. Indeed US historical evidence supposedly does show that easy […]
Trade Wars
TRADE WARS An overt trade war has commenced. President Trump has fired the starting gun, setting in motion an election promise, part of his Make America Great Again undertaking. It is a blow squarely aimed against China, costing China some trade perhaps, but basically a loser’s last roll of the dice. The back story appears […]
Are We Nearly There Yet? Employment, Interest Rates and Inflation
ARE WE NEARLY THERE YET? EMPLOYMENT, INTEREST RATES AND INFLATION Rising interest rates and inflation are spooking financial markets Unemployment data suggests that labour markets are tight Central Banks will have to respond to a collapse in the three asset bubbles There are two factors, above all others, which are spooking asset markets at present, […]
What is Wrong With the Popular Definition of Inflation?
WHAT IS WRONG WITH THE POPULAR DEFINITION OF INFLATION? According to Mises, Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term `inflation’ to refer to […]
Still None, and Even More Reasons to Expect None
STILL NONE, AND EVEN MORE REASONS TO EXPECT NONE The parallels between the last few years and those at the end of the 1990’s are striking. There was a few years ago the monetary intrusion of the “rising dollar” which at its worst seriously depressed the global economy. Oil prices crashed, as did several key […]
Currency Exchange Value Dynamics
CURRENCY EXCHANGE VALUE DYNAMICS In a recent article I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the future. The key to understanding why this may be so lies in human […]
How Central Banks Stoke Stock Prices
HOW CENTRAL BANKS STOKE STOCK PRICES Reading through Security Analysis, the roadmap for investing first published in 1934 by Benjamin Graham and David L. Dodd, I learned something quite interesting: The basis of stock valuation had changed quite drastically in the period between 1927 and 1929. The stock buying public “departed more and more from the factual […]
A Roman Lesson on Inflation
A ROMAN LESSON ON INFLATION “While it is the duty of the citizen to support the state, it is not the duty of the state to support the citizen” – President Grover Cleveland The point President Cleveland made back in the 1880s was that individuals and vested interests had no rights to preferential treatment by a […]
When Will the Next Credit Crisis Occur?
WHEN WILL THE NEXT CREDIT CRISIS OCCUR? The timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the credit cycle, wrongly believing it is a business cycle. The distinction is important, because a business cycle by its name suggests it emanates from […]
On Rational Optimism
March 23, 2018
ON RATIONAL OPTIMISM “We got stick for questions like, ‘Who came second in the last war?’” he recalled. “But the contestants weren’t always the brightest tickets — some of their IQs didn’t reach room temperature. Once I accidentally read out the question and the answer: ‘Where was President Kennedy assassinated, in Dallas?’ And the contestant […]
Continue Reading →