Economics in One Lesson, by Henry Hazlitt, and The Law, by Frédéric Bastiat, would be two of my favourites, for their ability to introduce new students to economics and liberty. Hazlitt reduced the whole teaching of economics to a few principles and explained them in ways that people would never forget, and I love his … Continue reading 3 Beginner Economic Books
The RBA cut rates from already low 1.75% to 1.5% -BUBBLE ALERT- we will be going negative next. See my related articles Deflation Down Under, RBA Kangaroos Kick For Lower Rates!, Interest Rates Are A Market Price Signal Not To Be Interfered With, Central Banks Interest For Resolving Unemployment, and Money Pumping – What Malinvestments? … Continue reading RBA Rate Cut 1.5%, How Long Until Negative?
“Australia saw deflation for the first time in seven years in the first quarter, as falling petrol, food, and clothing prices drove down the cost of a basket of goods and services.” (Mulligan, 2016) The Reserve Bank of Australia having prolonged deflation through low interest rates to the point of almost zero, market participants are demanding through market … Continue reading Deflation Down Under, RBA Kanagroos Kick For Lower Rates!
This article is a summary of the views expressed by Robert Higgs in his article Recession and Recovery: Six Fundamental Errors of the Current Orthodoxy. And how the article compares to the approach taken by Gregory Mankiw in his well known textbooks along with Keynes theories as their arguments can contradict themselves for the following … Continue reading Recession & Recovery – Robert Higgs
The Telegraph reports the Bank of England are developing a new competing currency for Bitcoin, called RSCoin. “[This new currency transfers the] control of money creation from private banks to the state. Arguably, this would make the financial system safer and less prone to boom-bust cycles.” (Evans-Pritchard, 2016). Inflation-induced “boom-bust cycles” arise from monetary policy credit … Continue reading Competing Crypto-Currency, RSCoin