The European Central Bank has announced its intention to create out of thin air over one trillion new Euros from March 2015 to September 2016. The rationale, the monetary central planners say, is to prevent price deflation and “stimulate” the European economy into prosperity.
Mario Rizzo in WSJ on failure of government spending to generate growth in world economy.
When L.H. White writes, people read! Larry White has just released a must read working paper on SSRN, "Hayek and Contemporary Macroeconomics".
Popular opinion seems to be that falling prices—or even stable prices—are bad for the economy, but I’ve never seen any good arguments about why.
According to CBC News, "The Bank of Canada shocked markets today by cutting its key overnight lending rate by a quarter of a percentage point, citing the economic threat posed by plunging oil prices."
There has been much hand wringing among popular blogger-economists in response to the breaking of the Euro peg by the SNB.
Entrepreneurship still isn’t very popular in economics, but Austrian ideas are increasingly influential in contemporary management research, where the future is bright for young Austrians.
President Obama's acolytes have begun circulating the term "middle class economics" through the Sunday morning news programs and throughout the media.
Christine Lagarde, Managing Director of the IMF, revealed that it was a "a bit of a surprise" that she was not informed in advance of the Swiss National Bank's decision to dissolve the the inflationary peg with the euro.
