Clik here to view.
The deflation delusion
Image by scottchan Years ago a friend of mine in New York told me about his massively overweight neighbour who took to wearing a black t-shirt with “I beat anorexia” printed on it. I think that is how...
View ArticleClik here to view.
Draghi: ECB to counter ‘unfounded fears’ with unlimited cash
Yesterday, the ECB pronounced itself the official lender-of-last resort to all Euro-Zone governments. To assure that the state can always borrow at conveniently low rates has been declared an...
View ArticleClik here to view.
The fallacy of nominal GDP targeting
In a truly remarkable piece for the Financial Times yesterday, Wolfgang Münchau took another swipe at the Euro-sceptic and ECB-critical community in Germany, which he accuses of inflation-paranoia and...
View ArticleClik here to view.
The true significance of the $1 trillion coin
Image by Stuart Miles Under President Obama the debt of the United States government has grown by about 50%, and now stands at close to $16 trillion. Every year, the US government spends between $1.2...
View ArticleClik here to view.
Central banks extend their reach as bureaucratization of markets continues
Bank of England (Photo by Adrian Pingstone) The twentieth century witnessed the shift from the classical order of free markets and hard, non-political money – epitomized by the gold standard – to fully...
View ArticleClik here to view.
No end to central bank meddling as ECB embraces ‘quantitative easing’, faulty...
Mario Draghi, ECB (photo by IMF/Stephen Jaffe) “Who can print money, will print money” is how my friend Patrick Barron put it succinctly the other day. This adage is worth remembering particularly for...
View ArticleClik here to view.
Keynesian madness: central banks waging war on price stability, savers
ECB, photograph by Florian K There is apparently a new economic danger out there. It is called “very low inflation” and the eurozone is evidently at great risk of succumbing to this menace. “A long...
View ArticleClik here to view.
ECB under pressure to abandon superior policy stance
Image by Salvatore Vuono The European Central Bank is under pressure. Inflation in the eurozone is at 0.7 percent but as Ben Bernanke supposedly stated, we are never sure if we measure these things...
View ArticleClik here to view.
As Germany loses battle for ECB, QE goes global
Mario Draghi, ECB (photo by IMF/Stephen Jaffe) What is Super Mario up to? First, he gave an unexpectedly dovish speech at the Jackson Hole conference, rather ungallantly upstaging the host, Ms Yellen,...
View ArticleClik here to view.
Keynes was a failure in Japan – No need to embrace him in Europe
Tokyo’s Ginza on Sunday (photo by Groink) Draghi’s volte-face two weeks ago has emboldened the Keynesian majority in the media and in economic research departments. It has injected new life into their...
View Article
