Category Archives: News/ Lessons

Recently a friend sent me the updated Wikipedia link about the newly formed Asian Infrastructure Investment Bank that has been in the news so much, mostly gathering glowing endorsements that this is a great undertaking.   http://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank Asian Infrastructure Investment … Continue reading →

In order to understand the relationship between money creation and the price level, we first need to get some definitions straight. To Austrians the terms inflation and deflation refer to money and not prices. There is no doubt that money … Continue reading →

Re: Agency wants to rein in payday loans Dear Sirs: Often payday lenders are the last tool of the working poor to forestall having utilities cut off, having a car repossessed (which can lead to losing one’s job), or even … Continue reading →

Re: Eurozone Business Growth Nears 4-year High, by David Jolly Dear Sirs: Once again one of your reporters repeats the mantra that there is a “…problem of declining consumer prices…in the eurozone…”. Problem for whom? Changes in the price level … Continue reading →

From today’s Open Europe news summary: Bundesbank proposes new European fiscal authority to replace European Commission Germany’s Bundesbank proposed in its monthly report yesterday to create “a new European fiscal authority which, in the style of independent national fiscal councils, … Continue reading →

Re: Japan’s Recovery Is Complicated by a Decline in Household Savings, by Jonathan Soble Dear Sirs: Mr. Soble (and your editorial board, I’m sure) can’t seem to make up his mind whether Japan should spend its way to prosperity or … Continue reading →

Re: Japan’s Central Bank Warns of Temporary Return to Deflation Dear Sirs: BOJ governor Kuroda and his supporters should question the very foundation of their beliefs that inflation is “…crucial to rekindling growth…” and that “a ‘deflationary mindset’ is behind … Continue reading →

“Delanda est in Susidium Foederatum Bank” (The Federal Reserve Bank Must be Destroyed)   by Patrick Barron   During the years of the Roman Republic, Cato the Elder ended every speech with the phrase “Delanda est Carthago” (Carthage must be … Continue reading →

Re: Asia Rushes to Lower Rates, But Maybe Not Fast Enough by Neil Gough Dear Sirs: In the first two short paragraphs of his article Mr. Gough reveals the premise upon which his title depends. Since his premise is faulty, the … Continue reading →