Category: Op Ed

Low Interest Rates: A Schumpeterian View

March 20th, 2015
in Op Ed

I am just about to finish reading Schumpeter's "Theorie der wirtschaftlichen Entwicklung" (The Theory of Economic Development: ...) in the original first edition in German. Schumpeter was Austro-Hungarian, and one of the most clever economists of his time, some say. I would like to more »

The Euro Zone’s Most Urgent Economic Problem: Stagnating Investment

March 19th, 2015
in Op Ed

The recent "dialogue" between Athens and Berlin would not make you believe that the euro zone faces an economic problem: 11.2% unemployment in the euro area as of January 2015. The cause of that unemployment is not hard to spot. more »

The Correct Value of the Right Debt Ratio is Zero

March 19th, 2015
in Op Ed

The public debt-to-GDP ratio is, perhaps, the most important measure used in discussions of the relative fiscal sustainability of nations. Nations with high levels of debt-to-GDP are viewed as having more serious fiscal problems than nations with lower levels. Nations having increasing more »

Five Myths About Europe that Need Busting Before the British General Election

March 19th, 2015
in Op Ed

As we gear up for the 2015 general election, EU issues are bound to feature prominently. Sadly, much of what is being said is hogwash, particularly when it comes to EU membership itself. more »

How the 1% Controls Our Central Bank "Comrades"

March 18th, 2015
in Op Ed

Central bankers aren't stalwart free-market shepherds, though that's how they cloak themselves. The truth is they're a lot more than just communist wolves in sheep's clothing. They're emperors of a new global regime that goes by the name "The Owners Club." more »

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