Author Archives: radiofreemarket

You must pay me to be good

From today’s Open Europe news summary: El País reports that Spain, France and Italy are wary of German plans to introduce binding ‘reform contracts’ between the European Commission and eurozone countries – and want these contracts to explicitly envisage some … Continue reading

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Why the Fed will NEVER end Quantitative Easing

Re: Fed likely to delay taper after disappointing US jobs data The Fed will NEVER end its Quantitative Easing program much less “taper” it slightly.  The Fed’s QE policy itself causes malinvestment in the structure of production, which leads to … Continue reading

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Germany’s Merkel wants the EU to control national budgets

From today’s Open Europe news summary: Spiegel: Merkel demands EU Treaty change to give Commission control over national budgets Der Spiegel reports that, in a meeting with EU Council President Herman Van Rompuy last week, German Chancellor Angela Merkel set … Continue reading

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Fed’s QE policy threatens the dollar’s future as a reserve currency

See my comments throughout this four and a half minute report by the Australian Broadcasting Corporation about the dollar’s future as a reserve currency. Patrick Barron http://www.abc.net.au/news/2013-10-16/the-debt-deadlock-in-washington-is-proving-costly/5027350

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China and Gold

China and Gold, by Alasdair Macleod Rather than some conspiracy to destroy America via the dollar, one should see China’s actions as an act of rational self-interest.  China was very happy to accumulate over a trillion US dollar reserves, but … Continue reading

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What’s Next in the Austro-Libertarian Movement

By Michael McKay  I remember in 2005 talking to a money manager who formerly had been in charge of a $200 Million dollar bond portfolio for a large mid-west bank. Somehow our conversation got onto the Federal Reserve and somehow … Continue reading

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My letter to National Review re:Structural flaws doom the EU and the euro

Dear Sirs: I read with delight Daniel Hannan’s review of Luuk van Middelar’s The Passage to Europe: How a Continent Became a Union.  However, I disagree with Mr. Hannan’s statement that “the EU is in the mess it’s in” because … Continue reading

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Greek government refuses to economize

Re: New cuts not possible, Greek prime minister tells euro area official Here’s another example of why Europe will NOT resolve its debt crisis.  There is no enforcement mechanism that would require deficit countries to economize.  The Greek government is … Continue reading

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How to get an EU bailout

From today’s Open Europe news summary: In an interview with the FT, Finnish Prime Minister Jyrki Katainen refused to rule out supporting further eurozone bailouts if the situation was “hopeless” and insisted he remained “pragmatic” on the issue. FT So, … Continue reading

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Putting welfare for farmers in perspective

The USDA budget for 2012 was $145 billion.  That’s $500 for every man, woman, and child in America. This is a quote from the Environmental Protection Agency’s website: “There are over 313,000,000 people living in the United  States. Of that … Continue reading

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