Money and Banks

The Economist recently opined that interest rates don't affect investment. This claim is based on an empirical study that contradicts what we already know: that lower prices lead to more demand. In the end, the problem lies with the researches who fail to account for the behavior of central bankers.

Interviewed by Emil Franzi and Bruce Ash on AM 1030 KVOI in Tuscon, Mark Thornton offers an Austrian perspective on several issues such as Obamacar

Obama’s recent trip to Beijing revealed that China is ready to begin the operations of the Asian Infrastructure Investment Bank (AIIB)—another inte

Thorsten Polleit writes (originally in German):

Eighty years ago, Mises’s The Theory of Money and Credit first appeared in English.

Eighty years ago, Mises's The Theory of Money and Credit first appeared in English. It remains one of the most important books on money and inflation penned in the twentieth century, and it still offers the clearest analysis and understanding of booms and busts, inflations and depressions.

The Fed has ended Quantitative Easing.  But this does not mean the era of easy money is over. In fact, the data shows that the Fed's policies will continue to ensure that malinvestments, instability, bust, and economic displacement will continue. 

 The 2022 Olympics (i.e., the Winter Games) is now down to only two applicant nations: China and Kazakhstan.

Tom Woods and Mateusz Machaj discuss the problem with John Taylor's rule for monetary policy.