Crisis Risks Looming, UK Edition
Yves here. The Bank of England and Fed are engaged in economic malpractice on a large and increasingly dangerous scale. The Fed did recognize that its post-crisis experiment with super low interest rates was producing economic distortions and dysfunction (some contacts say as early as 2012). But when Bernanke tried backing out in 2014, he […]
To understand America’s job market, look beyond unemployed workers
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Sitting in a medical clinic recently, as a young-looking nurse extracted blood from his veins, your columnist’s mind turned to the flexibility of the American labour market. How long, exactly, had she been on the […]
China’s greying population is refusing to save for retirement
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Hongbaos are usually reserved for special occasions, such as birthdays, weddings and the Chinese mid-autumn festival, which got under way on September 29th. But now these red envelopes, stuffed with cash, are part of a […]
SCOTUS: Trump May Run for President in 2024
The establishment has been doing everything in its power to stop Trump. The Supreme Court ruled that Donald Trump may run for the presidency next year. Multiple individual states have attempted to remove him from the future ballot, and in this particular case, John Anthony Castro, a man with no chance of winning the race, […]
A surge in global bond yields threatens trouble
It is A brave investor who calls the end of a four-decade trend. But bond yields have risen so far and—in recent weeks—so fast that many market participants now believe the era of low interest rates to be over. Since early August America’s ten-year Treasury yield has traded in excess of 4%, a level unseen […]
Musings on Opportunity Cost – Econlib
I want to thank Adam Martin for writing not one, but two thoughtful responses to my essay “Reevaluating the Influence of James Buchanan on Libertarian Thought.” I will respond soon to his post about social welfare functions and debt. For now, I would like to take this opportunity to clarify one link in my essay […]
