This article was originally published by The Ludwig von Mises Institute of Canada on April 18, 2017 Every year, airlines deny thousands of passengers seats on flights due to overbooking. Airlines use sophisticated modeling to manage overbooking to maximize profits given the reality of passenger no- shows. Legally permissible under their “contract of carriage” with […]
Velocity is not a substitute for demand, but rather of volume. Lots of goods and services may transact at low prices just as they may trade at high prices.
This article was originally published by The Human Events Group on July 3, 2014 We have proposed a system for electronic transactions without relying on trust. – Satoshi Nakamoto, 20091 With this fairly mundane comment, the person or persons known as Satoshi Nakamoto (the jury is still be out) introduced bitcoin to the world. Since […]
The fear of deﬂation serves as the theoretical justiﬁcation of every inﬂationary action taken by the Federal Reserve and central banks around the world.
Anyone reading the regular Federal Open Market Committee press releases can easily envision Chairman Yellen and the Federal Reserve team at the economic controls, carefully adjusting the economy’s price level and employment numbers.
Across all ﬁnancial media, between both political parties, and among most mainstream economists, the “wealth effect” is noted, promoted, and touted.
Gold serves a unique role in investment portfolios, not only as insurance against extreme events, but as a timeless store of value in a world of multiplying paper currency.
Regardless as to which candidate secures the Presidency on November 3rd (or some subsequent date), the administration must cope with unprecedented federal debt.
In terms of magnitude and shortness of time, the stock market rally since its March lows has been unparalleled.
April, 2020 By late January, the die was cast: the virus had a name, it had reached our shores, travel screenings and restrictions were in place, and while not yet declared a pandemic, the World Health Organization declared COVID-19 a “Public Health Emergency of International Concern.” Yet complacency reigned within financial markets. The stock market […]