Financial Markets
Translating Brazillian Inflation
Danilo Nogueira provides a brief history of the Brazilian inflation in The Language of Inflation
What Does the High Price of Gold Mean?
Gold is not money, writes Sean Corrigan, and this is one reason we are on a path where genuine entrepreneurialism and the creation of real wealth are very much hampered.
The Production of Security
Uncertainty and Its Exigencies: The Critical Role of Insurance in the Free Market
Hans-Hermann Hoppe explains the neglected role of insurance in a free market economy. Any insurance involves the pooling of individual risks by the market, a task the state can only distort.
Aren’t Deficits Another Name for Saving? Nope.
Robert Murphy says that linking government deficits to private savings and growth is not merely inaccurate; it is exactly backwards.
Central Bankers Debate Asset Bubbles
Should central bankers actively undertake to burst asset bubbles, or should they stand around and watch them run out of steam, then try to clean up