Monday, 24 July 2017

Monthly Archives June 2016

Macro Musings Podcast

June 27, 2016

If you are a fan of podcasts, let me recommend this relatively new one hosted by David Beckworth at the Mercatus Center. David’s views on the Great Recession are quite similar to those expressed by me and others on this blog. His list of guests to date includes John Taylor, John Cochrane, George Selgin, Scott […]

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Venezuela vs. Ecuador (Chavismo vs. Chavismo Dolarizado)

Posted by Steve H. Hanke
June 24, 2016

This article appeared in the July 2016 issue of Globe Asia. With the arrival of President Hugo Chávez in 1999, Venezuela embraced Chavismo, a form of Andean socialism. In 2013, Chávez met the Grim Reaper and Nicolás Maduro assumed Chávez’ mantle. Chavismo has not been confined to Venezuela, however. A form of it has been adopted by […]

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The Fed’s policies and their consequences for Mexico

June 21, 2016

This piece originally appeared in Market Trends By Edgar Ortiz As mentioned in a previous article, on December 16 of 2015 the Fed announced a rate hike of 0.25 percentage points and Mexico’s central bank followed suit the very next day. The decision seemed logical considering that the peso was not ceasing to depreciate and a […]

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The Fed and its dual mandate

June 20, 2016

This piece originally appeared in Economics21 By Mickey D. Levy For over a decade, the Bernanke- and Yellen-led Federal Reserve have talked incessantly about conducting monetary policy to achieve the Fed’s dual mandate.  The unemployment rate is now 4.7%, at the Fed’s estimate of full employment.  When inflation rises to 2% by year-end, the Fed’s dual […]

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Op-ed: The age-old problem of low interest rates

Posted by Jerry Jordan
June 16, 2016

This piece originally appeared in Forbes Earlier this year, Michael Walker of the Fraser Institute in Vancouver, Canada released a paper that deserves the attention of everyone interested in the subjects of central banking, inflation and interest rates. In it, he makes a claim that could fundamentally change our understanding of monetary economics: An aging population (think of […]

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Is gift exchange necessarily kinder, gentler?

June 14, 2016

In a recent Alt-M post, George Selgin calls attention to a post at The Atlantic discussing David Graeber’s gift exchange hypothesis. For those of you unfamiliar with Graeber’s book, Debt: The First 5,000 Years, the basic idea of the gift exchange hypothesis is as follows. Prior to monetary exchange economies, many societies relied on gift […]

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