A Harvard Economist Tests Austrian Capital Theory
Bob sits down with Harvard Economics Professor Pol Antras to discuss his new paper applying Böhm-Bawerk's average period of production to international trade.
Bob sits down with Harvard Economics Professor Pol Antras to discuss his new paper applying Böhm-Bawerk's average period of production to international trade.
On this episode of Power and Market, Ryan, Connor, and Tho discuss the first FOMC meeting under new Fed Chair Kevin Warsh. Out? Forward Guidance. In? Task forces! What should we take away from Warsh's first time addressing the financial press, and will his tenure be an improvement from the past, or present new dangers to the public?
Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability.
Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability.
As economic uncertainty grows, the authorities turn to their only “solution”: increase sovereign debt and ratchet up inflation.
The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.
The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.
Record-low consumer confidence and record-strong corporate earnings aren’t a paradox: they’re the Cantillon effect in real time. Mark Thornton explains who inflation rewards, who it crushes, and what comes next.
The Shiller CAPE ratio has only been higher once in 150 years. The Buffett indicator is 2.5 standard deviations above trend. 40% of the S&P 500 is in just ten stocks. Wall Street sees nothing wrong.
Corporate finance can help introduce classifications such as the distinction between the assets of a natural person and a legal person, but also by incorporating profitability, liquidity, and solvency variables into economic policy analysis.