The ECB Blames Inflation on Everything but Itself

Money and BanksMoney and Banking

1 hour agoFedWatch
The ECB prefers to do what all central banks did just before the 2009 great recession: blame inflation on rising food and energy prices.

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If We Want "Unity," Government Must Become Weaker

Monopoly and CompetitionPolitical Theory

Blog2 hours ago
The problem of majorities oppressing minorities becomes worse the larger the government becomes. The answer is to make the state weaker.

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What Derek Carr’s Contract Teaches Us about Wall Street and Income Inequality

The FedMedia and CultureMoney and BanksMonetary Theory

Blog4 hours ago
Until we abolish the Fed, Wall Street will continue to dominate the economy even more than Bill Belicheck has the dominated NFL.

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Richard Cantillon Is Sleepless in Seattle

Business Cycles

Blog15 hours ago
Cheap money and Seattle's capital-fueled boom means Seattle may soon achieve Peak Skyscraper status.

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Our Lawless Central Bank

The FedMoney and Banking

22 hours agoFedWatch
The Fed's modern method of policymaking is best described as "ad hoc." This is a big problem for entrepreneurs and most market actors.

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Four Reasons Central Banks are Wrong to Fight Deflation

Money and BanksMonetary TheoryMoney and Banking

The harmful character of deflation is a sacred dogma of monetary policy. However, evidence substantiating these claims is either weak or nonexistent.

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The Tragedy of the Commons in the Courtroom

Legal SystemTaxes and SpendingPolitical Theory

Since using the court system costs them nothing, police and prosecutors have an incentive to load up the court system with non-violent "crimes."

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Does the Fed Follow Its Own Rules?

The FedMoney and BanksMoney and Banking

The central bank is unlikely to follow rules like the Taylor Rule because they are fundamentally political organizations with their own agendas.

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