No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing,...
Perhaps John Maynard Keynes’ best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out,...
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off...
When quickly glancing at the StockCharts Technical Rank (SCTR) Reports Dashboard panel, one stock that popped up on Monday, albiet briefly, was Meta Platforms,...
Labour ministers have thrown their support behind a £15m government scheme to rescue surplus food from UK farms—often thrown away or fed to animals—and...
Household incomes are likely to stagnate or decline next year, according to new research from the Resolution Foundation, as Britain’s cost-of-living challenges continue. While...
More than 40,000 individuals found time between turkey dinners and tinsel to file their 2023–24 Self Assessment tax return over the festive period, new...
Although I’ve devoted many essays here to exploding myths about historical private currencies, there’s one I’ve yet to directly challenge. That’s the belief that...
Today, inflation has reached a 40-year high, in response to fiscal profligacy and accommodative monetary policy. Direct cash payments to individuals and businesses in...
Thanks to the Roosevelt Recession, in the spring of 1938 the New Deal’s “Keynesians” finally found themselves in the saddle, displacing the planners, reformers,...