The End Of The Free Money Era
Some argue that the MMT-like pandemic response showed it was a failure. We disagree, if anything, it showed its incredible power. It was hugely effective, actually producing way too much […]
The Unending Artificial Boom
Austrian economics invariably predicts gloom and doom as a result of policy intervention, which by definition create “artificial” booms and bubbles. Events on the ground have forced even some of […]
The Big Fiscal Stimulus Coming From The EU
Countries with very large current account surpluses like Germany and the Netherlands save too much and invest too little, risky when growth slows. Add to that negative yields, budget surpluses, […]
When Hard Money Men Turn Soft
On the right, economic orthodoxy (sound money, sound public finances and free trade) which was defended vigorously a decade ago when it was less helpful are shredded with amazing ease. […]
Bring On The Powell Put
From the President down, with markets bleeding, market observers are clamoring for the Fed to lower rates – or at least not raise them further. There are some economists, like […]
Deregulation Isn’t Always Pro-Growth, Even When It’s Pro-Business
Deregulation is often believed to spur economic growth and therefore be business and shareholder friendly. However, there are instances where it is indeed business and shareholder friendly, but not market […]
Perennial Tax Cuts
Tax cuts are seen by some as the necessary, indeed almost the only instrument for economic growth. A sort of magical formula for all times and circumstances. The resulting deficits […]
Countries Are Not Companies
The US has some legitimate concerns about some trading partners, but the way it’s going about trade negotiations is deeply flawed. Large parts of the US trade team seems blissfully […]
Another Own Goal?
The trade tensions between the US and China are heating up. Much of the US focus is on Chinese efforts to expand in high-tech industries in general and optical networking […]
The U.S.-China Race To Lead The Fourth Industrial Revolution
The US Administration has reacted with alarm about China’s (2015) ambitious plan to develop industries of the future (China 2025). It is threatening China with trade sanctions, mostly targeted at […]