-
There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.
Ludwig von Mises
Categories
- Economics in One Lesson (4)
- Uncategorized (126)
Archives
- March 2014 (2)
- January 2014 (2)
- November 2013 (1)
- October 2013 (1)
- August 2013 (2)
- July 2013 (2)
- May 2013 (3)
- April 2013 (4)
- March 2013 (6)
- February 2013 (7)
- January 2013 (12)
- December 2012 (2)
- September 2012 (1)
- July 2012 (1)
- June 2012 (4)
- May 2012 (3)
- April 2012 (11)
- March 2012 (8)
- February 2012 (7)
- January 2012 (16)
- December 2011 (9)
- November 2011 (7)
- October 2011 (9)
- September 2011 (10)
Twitter
- Kept in the dark wp.me/p1O9ar-c0 5 years ago
- What has the MPC got to hide? wp.me/p1O9ar-bP 5 years ago
Tag Archives: Austrian school
What has the MPC got to hide?
News to light the fires of the paranoid and conspiracy theorists out there: The Bank of England’s Monetary Policy Committee (MPC), the group which decides on interest rates each month, keeps no minutes of their meetings. We’ve argued on this … Continue reading
Posted in Uncategorized
Tagged Austrian school, Bank of England, central bank, economics, Federal Reserve, keynesian, mpc
Leave a comment
The illusion of stock market prosperity
The ups and downs of the stock market is reported daily, hourly – continuously on some news channels. Stock markets are seen as indicators of the overall economy. A rising stock market means prosperity, and a falling stock market spells … Continue reading
Posted in Uncategorized
Tagged Austrian school, bubble, cpi, djia, economics, Federal Reserve System, ftse, stock market, venezuela
1 Comment
Forward guidance
One of the notably sinister traits of a central bank is the act of collaboration (read, collusion) between countries: they can’t exist for long without it. It is therefore not surprising that when Ben Bernanke issued a statement linking future monetary policy … Continue reading
Posted in Uncategorized
Tagged Austrian school, Bank of England, central banks, economics, fed, inflation
Leave a comment
The subtle Cantillon effects of inflation
The biggest problem with increases in the money supply is not that it causes a rises in prices – that monetary inflation can cause price inflation – for this is what we would expect to happen in most cases. Rather, … Continue reading
Posted in Uncategorized
Tagged Austrian school, Bank of England, cantillon, central banks, economics, fed, inflation, QE
Leave a comment
The new man at the helm
At the start of July, Mark Carney became the new Governor of the Bank of England. He appears to have taken his job at a time when there is greater optimism regarding the state of the UK economy, which has … Continue reading
Quote of the Day
That we are witnessing strange and dangerous deformations of the capitalist system, if we can still even call it capitalist, and that new bubbles are being blown everywhere, is not only evident by the increasingly grotesque dichotomy between a woefully … Continue reading
Posted in Uncategorized
Tagged Austrian school, cheap money, ECB, economics, Federal Reserve, inflation, monetary policy
Leave a comment
Dangerous experimentation
“Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich.” The Restaurant At The End of The Universe, Douglas Adams Post World War II, there was a system … Continue reading
Posted in Uncategorized
Tagged Austrian school, bretton woods, detlev schlichter, Douglas Adams, economics, fiat currency, richard nixon
1 Comment
