Below is an overview of European Union (EU) statistics related to the employment rates of young people (those aged 20–34 years) who have recently graduated from either upper secondary ... Read More
One of my regular readers has raised the important subject of Say’s law, the denial of which both Keynesian and modern monetarists are emphatic. They need this fundamental axiom ... Read More
This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North ... Read More
The chief executive of Saudi Arabia’s only publicly traded builder has estimated that the construction market in the kingdom has shrunk by as much as 80 per cent. Fawwaz ... Read More
It is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having ... Read More
There’s a myth going around that tracking the business cycle is a waste of time for investors. On the surface, the reasoning sounds logical. By the time it’s clear ... Read More
The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies. Central bankers are almost certainly unaware ... Read More
Quality, quality of life, and well-being are not easily quantified, so they are ignored. I often write about the Tyranny of Price, the rarely examined assumption that lower prices ... Read More
And there you have our future, visible in the 13th, 16th and 18th century price-revolution waves which preceded ours. That we have entered an era of rising instability and ... Read More
As the abject failures of the past few years’ monetary experiments became apparent, it was clear that something else would have to be tried. The only questions were when ... Read More
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