Browsing Tag

Austrian Economics

David Tice Says Double-Dip Recession ‘In the Cards’ for U.S.

Edward Harrison Jul 31, 2010

David Tice, chief portfolio strategist for bear markets at Federated Investors Inc, talks about the outlook for the U.S. economy. He sees a double dip coming and argues against stimulus to prevent it, saying policy makers shouldn't act as…

Monetary System

On Crises of Capitalism

Edward Harrison Jul 7, 2010

Great video detailing explanations for why the financial crisis happened. Big hat tip to the Pragmatic Capitalist. I like this first aspect of the video and I LOVE the drawings. Very cool. Of course, you know that you're going to get…

Monetary System

Why Stimulus Is No Panacea

Edward Harrison Jun 28, 2010

I fully support deficit spending as a means to prevent a debt deflationary spiral in a deep downturn. However, there are limits to what stimulus can actually do. Stimulus is no panacea for an unbalanced economy. In particular, when…

Daily

The Stimulants and the Austerians and the War on Double Dips

Edward Harrison Jun 20, 2010

This week I have decided to do the weekly review both as a links post and in narrative form. I have already posted the links of the most-read articles (see them here). In this weekly review narrative, I want to discuss the…

Monetary System

A Speech: “Chairman Greenspan: A Fiat Mind for a Fiat Age”

Frederick Sheehan May 27, 2010

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). A speech delivered at the Ludwig von Mises Institute Conference:…

Monetary System

Keynes Vs. Hayek: Old Ideas for a New Era

Marshall Auerback Apr 13, 2010

Marshall Auerback here with some further thoughts from the Institute for New Economic Thinking’s recent kick-off conference at Cambridge University. It might appear ironic to commence a conference ostensibly centered on new economic…

Monetary System

Lessons from Japan on sovereign default and balance sheet recessions

Marshall Auerback Feb 22, 2010

Edward wrote a piece about Japan’s government net asset value falling below zero. He thought it would make sense if I gave you an alternative view using Richard Koo’s latest thinking about the Japanese experience, especially given the…

Monetary System

We are all Austrians now

Guest Author Feb 17, 2010

The following is a post which first appeared at the Big Picture from Paul Brodsky & Lee Quaintance who run QB Partners, a private macro-oriented investment fund based in New York. --- We Are All Austrians Now Things are different…

Monetary System

Credit crises, market equilibrium, economic policy and fiat currencies

Edward Harrison Jan 14, 2010

In the wake of news about President Obama’s new Too Big to Fail Tax and Barry Ritholtz’s post on it, I had an in-depth conversation on the issue with a whole group of people, including Barry. Most of the group was all for the tax. I…

Monetary System

Revisiting the sectoral balances model in Japan

Edward Harrison Jan 13, 2010

On a number of occasions, I have pointed to the sectoral balances model of finance to help demonstrate what happens when the government sector runs a deficit or a surplus. A recent article in the Financial Times by Martin Wolf on Japan’s…

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