More on Interest Rates and Time Preference
Currently observed negative yields on some European corporate bonds supposedly runs contrary to the positive time preference theory. How can this be?
Money and Banking
Displaying 511 - 520 of 1985
What Gives Cryptocurrencies Their Value
The value of cryptocurrencies comes fundamentally from what you can do with them.
The Digital Revolution Has Empowered Central Banks
All the hype cannot hide the fact that this digital revolution has not delivered the increase in prosperity of previous technological revolutions.
Why Are People Buying Bonds with Negative Yields?
Is this really negative time preference or a central bank induced crack-up bond boom?
Are Markets Really as Calm as they Seem?
Given its track record, there is little reason to expect that the Fed won’t mess things up this time.
Venezuela’s Default Disaster
In the end, the socialist promise of free money is very expensive for all. Let’s learn the lesson.
We’re Living in the Age of Capital Consumption
It remains to be seen how much longer this can continue. Once the stock of capital is depleted, the rude awakening will be unpleasant indeed.
Cradles of Capitalism: the City-States of Greece and Italy
Ancient and Renaissance city-states were some of the greatest incubators of economic and entrepreneurial activity.
Why Populism Isn’t Going Away
An ailing foundation of the economy provides fertile soil for dissatisfaction with the status quo.
High Prices and Zombie Housing
This odd mix of rising prices and three months of vacant inventory being ransacked by squatters is not how markets work, unless government is involved.
