ALL BLOG POSTS
"Fed tapering" seems to be repeated in every single story in the financial media over the last couple of days. However, I am afraid that the financial media - as often is the case - is overly US centric. We might want to look at another central bank than the Fed. We should instead pay some (a lot!) of attention to the People's Bank of China (PBoC).
I should really be sleeping but George Selign just put out a blog post on Free Banking and NGDP Targeting.
A friend wrote this on Facebook (I paraphrased it slightly):
My three year old son Mathias had an accident in his kindergarden the other day. He fell from a tall chair and as a result hurt is lip so his mom had to take him to the emergency room.
Among 'internet Austrians' there is an idea that there is gigantic bubble in the global bond markets and when this bubble bursts then the world will come to an end (again...).
Bitcoin has been one of the most talked about talked topics over the past year. Despite of this there is relatively little economic research that has been done on the topic so far. However, a new working paper by William Luther and Josiah Olson add important insight to the economics of bitcoin.
For the first time in a couple of weeks I have felt kind of optimistic today. It might actually be that the Federal Reserve and the Bank of Japan will not repeat the mistakes of 1937 - at least I am hopefully we have learned something from 1937.