Mises Daily Friday: Recent Economic Data Shows the Good Side of Deflation
Mises Daily Friday by Edin Mujagic:
Data from Japan, Spain, Greece, and the Netherlands all suggest that deflation is not the disaster many economists suggest it is. In fact, there’s good reason to believe that economies really start to take off when prices fall the most.
All the Videos from the 2015 Austrian Economics Research Conference
Below are all the named lectures from this year’s Austrian Economics Research Conference, including:
“On Man, Nature, Truth, and Justice“ by Hans-Hermann Hoppe,
“Government Barriers to Economic Growth“ by John Tamny of Forbes Magazine, Editor of Real Clear Markets,
Janet Yellen Speaks: Do Words Matter?
For weeks, if not months, investors have been agonizing over whether or not the Fed would remove the word “patient” from its assessment of monetary policy. The word indeed was removed at today’s Fed meeting. Chairman Janet Yellen, recognizing that the markets were acutely aware of the significance and meaning of the word “patient,” was quick to explain that just because the word was removed the Fed had no intention on being “impatient.” In other words, the word is important but the central bank’s policy may forever be in flux.
The “Natural Interest Rate” Is Always Positive and Cannot Be Negative
Some economists have been arguing that the “equilibrium real interest rate” (that is the “natural interest rate” or the “originary interest rate”) has become negative, as a “secular stagnation” has allegedly caused a “savings glut.”1
Brazil Protestors: Less Marx, More Mises
Molinari: Defending Liberty in all its Forms
Americans pay ritual obeisance to liberty. But daily, they say “there ought to be a law” that restricts it. They have only the dimmest awareness of our founders’ views on this central issue and no knowledge of friends of freedom beyond our shores. That is a pity, because such investigation would yield much insight.
Greek Government Ratchets Up Mad Search for Cash
Two weeks ago, Frank Hollenbeck wondered in Mises Daily what the Greek government will do to keep paying its bills while keeping cash flowing to its banking system which is facing a slow-motion bank run:
Joe Salerno on ‘NGDP Targeting’ and Market Monetarism
A fashionable approach to monetary policy these days, even in free-market circles, involves “NGDP targeting.” Joseph Salerno talks with Tom Woods about why it’s all wrong. Joe and Tom also discuss the new book in honor of Joe.