Tag Archive: Adam Smith

The Death of a Business Cycle

How do business cycles end? In the US, conventional wisdom is that they are murdered by the Federal Reserve. It is too slow to raise rates and then goes too quickly. This view is espoused by numerous well-respected economists and policymakers. President Trump's criticism of the Federal Reserve is anchored by such views.

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Adam Smith Institute: Could Deflation Be Salvation?

Imagine wages and factor prices are stable.  Hence deflation means productivity growth: Higher quantities bought for a lower price. Low inflation or even deflation is the Swiss success story for decades and the success story for the United States recently. The Pigou effect seems to be saving the US economy, just as it did in …

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Is a Liquidity Trap Really a Problem? Yen Debasement Part3 by Noah Smith

Thoughts on the Japanese Currency Debasement (part 3) In previous posts we looked on the following aspects of the recent Japanese currency debasement: Overview: What different leading economists – Paul Krugman, Richard Koo, Adam Posen, Kyle Bass – think about the Japanese currency debasement and the way to more private spending and investing instead of …

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Die Wirtschaftskommission hat den Goldfranken abgelehnt, jetzt kommt die Volksinitiative

 Zwei Initiativen für Kleinanleger um das Geld/Gold vor den Mächtigen zu retten Der Ökonom Detlev Schlichter der “Österreichischen Schule” hat einen Vortrag beim “Verein Goldfranken” gehalten. Hier der äquivalente Vortrag auf Englisch beim Adam-Smith-Institut in den USA. Die Kritik an der Boom und Bust Politik der Nationalbanken.  

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