Milton Friedman Debunked — by Econometricians
Despite arbitrarily fudging the data, Friedman was unable to support one of his most central claims — that the demand for money is very stable.
Money and Banks
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Allan H. Meltzer, RIP
Allan H. Meltzer, a distinguished monetary economist and historian and a longtime professor of economics at Carnegie-Mellon Institute, died on Monday at the age of 89.
Three Ways Trump’s Tax “Cuts” Will Raise Taxes
Trump's plan to increase spending and lower taxes will only increase deficit spending. And that brings with it a host of new costs for taxpayers.
France’s Election Provides Only Short-Term Relief For The Euro
France's new president Macron will face some major challenges at home, both economically and politically.
China’s Plan to Subvert the Global Dollar Standard
Are China and Russia prepared to escalate the financial war with America? It won't be easy, but they're increasingly motivated to do so.
Central Banks’ Obsession with Price Stability Leads to Economic Instability
The Fed's monetary policies that aim at stabilizing the price level actually undermine economic fundamentals.
Will the IMF Bail Out Greece Again?
The Greek sovereign debt crises has not gone away. As Greece faces a large repayment in July, the IMF considers whether to bail them out once again.
What Is the “Correct” Growth Rate of the Money Supply?
Central banks have no way of knowing the "right" amount of money-supply growth. But, markets can work to suppress growth in un-backed paper currency.
Capital Flows and Ricardo’s Law
Ricardo's law of comparative advantage is only part of the story when it comes to understanding the benefits of free trade.
Trump continúa ignorando la política monetaria y lo va a pagar
Los planes monetarios y fiscales de Trump no hacen más que cambiar la carga impositiva y subsidiar las ganancias corporativas.
