"There are more things in Heaven and Earth, Horatio, than are dreamt of in your philosophy."
Issues involving the central banks of nations, such as the Federal Reserve in the United States
Inflation caused by increases in economic demand predicted by the law of Supply and Demand. Wikimedia Commons / SilverStar at English Wikipedia One often mentioned explanation for plunging stock markets has … Read More
Which Way Can We go! (c) Can Stock Photo / svanhorn There is no doubt about it! Unless the federal government drastically reduces mandatory entitlement expenditures in the near future, … Read More
OOPS! A Bear! (c) Can Stock Photo Approximately eight years ago, progressives were screaming that capitalists had with their avaricious, dishonest and selfish behavior thrown us into another Great Depression. … Read More
The New York Stock Exchange Wikimedia Commons The last time we were hit with a devastating recession, the Great Recession of 2007-2009, it was caused by the bursting of a … Read More
The time-evolution of the GDPNow statistic from the Center for Quantitative Economic Research of the Federal Reserve Bank of Atlanta. Image Credit: Federal Reserve District Bank of Atlanta/Center for Quantitative … Read More
Shinzo Abe, Prime Minister of Japan Wikimedia Commons/US Embassy, Tokyo From the Wall Street Journal we learn that Japanese economic growth nearly sputtered out in the second quarter of 2016. … Read More
Real quarterly, annualized GDP growth rate in percent from Q1 of 2009 to Q2 of 2016 Image Credit: St. Louis Federal Reserve District Bank/FRED It is time for me to … Read More
The storming of the Bastille, 14 July 1789 during the French Revolution Wikimedia Commons/Bibilothèque Nationale de France If you have read any of my posts and detected a somewhat gloomy … Read More
Real U.S. GDP growth rate from the first quarter of 2009 to the second quarter of 2016. The maroon curve is a linear fit to the data from Q1 2014 … Read More
World Map of the WSJ/Heritage Foundation Index of Economic Freedom Image Credit: Heritage Foundation It would distress many Americans to learn the United States does not have the greatest economic freedom … Read More
Janet Yellen, the Chairman of the Federal Reserve Board of Governors Wikimedia Commons/U.S. Federal Reserve As widely expected, the Federal Reserve Open Market Committee (FOMC) hung fire on raising the … Read More
A profligate government bureaucrat with you behind him! (c) Can Stock Photo More and more, the words haunting me are the ones I wrote in the final sentence of my … Read More
From Top Left Clockwise: Janet Yellen, Federal Reserve Chairman; Haruhiko Kuroda, Governor, Bank of Japan; Mario Draghi, President, European Central Bank Wikimedia Commons/ US Federal Reserve, World Economic Forum, Asian … Read More
The Shiller CAPE: The most trustworthy index on stock valuations Image Credit: gurufocus.com The question for the day is whether or not we should invest in the stock market. This … Read More
U.S. measures of unemployment Image Credit: Wikimedia Commons/Autopilot Wow!! The Federal Reserve so distrusted the Labor Department’s unemployment statistics that it created its own?! That is … Read More
Candle charts of Dow 30 index on top, S&P 500 on bottom. Blue overlay curves are 50 day moving averages, Red curves are 100 day moving averages. Images courtesy of … Read More
Ottoman depiction of the siege of Vienna by Muslim forces in 1529. Image Credit: Wikimedia Commons/”Istanbul”, Hachette, Collection “Voir” (PD-Art) It is rapidly becoming obvious to a number of people that … Read More
Alvin Hansen (1887-1975): Keynesian economist who invented the Keynesian idea of secular stagnation Photo Credit: Rugusavay.com Larry Summer’s project to revive Alvin Hansen’s idea of secular stagnation is gaining in … Read More
S&P 500 average earnings per share growth, year over year in % Image Credit: Bloomberg.com [Note on 3/26/2016: On Friday March 25, the U.S. Commerce Department announced corporate profits for … Read More
Views that fuel Donald Trump’s Campaign Image Credit: Flickr.com/Mike Licht, NotionsCapital.com The political reactions working in favor of Donald Trump, or for that matter, Bernie Sanders have been a long time … Read More
How can we get a little inflation around here?! Photo Credit: Canstockphoto.com/Bialasiewicz Do you remember how the European Central Bank (ECB) decided to try to add more zing to the Eurozone’s economy … Read More
Adam Smith (1723-1790), founder of classical economics, which has flowered into New Classical Economics Image Credit: Wikimedia Commons/By Unknown – http://www.nationalgalleries.org/object/PG 1472, Public Domain At this time in history, the … Read More
The original Phillips curve for the U.S. fit to 1960s data. A non-economist might justifiably be confused about why the Federal Reserve, the European Central Bank (ECB), and the the … Read More
Janet Yellen, Chairman of the Federal Reserve System Wikimedia Commons/United States Federal Reserve Wednesday and Thursday, Janet Yellen, the Chairman of the Federal Reserve, gave one of her periodic reports … Read More
Investors in the stock market getting their thrills! Wikimedia Commons/Boris23 The last few weeks with the stock markets have certainly been an exciting roller coaster … Read More
Mario Draghi, President of ECB, and Haruhiko Kuroda, Governor of BOJ Photo Credits: Wikimedia Commons/World Economic Forum and Asian Development Bank Now there are two central banks living in Alice’s … Read More
How many of these should we make? Image Credit: Freeimages.com/Tracy Olson As the world confronts the smoking ruin of Keynesian monetary policy [see the posts Economic Damage Created … Read More
The problem space: a system with chaotic boundaries Image Credit: Wikimedia Commons/Eequor In Central Planning for Chaotic Social Systems I discussed how social systems, particularly economic systems, are really chaotic … Read More
“I’m here from the government, and I’m here to help!” Image Credit: FreeImages.com/Daniel Perry In the preceding post The Keynesian Excuse: Secular Stagnation, I described the Keynesian revival of the … Read More
