There is a clause to European bond sales called a collective action clause.

When a central bank controls the yield curve, should we not call it yield curve control? Last Tuesday Bloomberg wrote about how the European Central Bank (ECB) is implementing what could be perceived as yield curve control.

The first year of this decade has given us time to pause and think about how the world stands in terms of global development. One widely used statistic to examine development, which shall be called the “dollar-a-day” idea, measures the idea of poverty in an all too narrow manner. For this article, we will examine the limitations of this metric, as well as implications of a theoretical notion by John Maynard Keynes that predicted poverty would end by 2030.

The Austrian school and perspectives on economic theory apply very well to businesses in general, as seen in the thoughts of Clay Miller and articles by Hunter Hastings and Peter Klein, especially when it comes to developing advantages for responsive businesses in a dynamic environment.

Listen to the Audio Mises Wire version of this article.