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Category Archives: Economy
The Successor to Keynes
The Successor to Keynes By Jeff Thomas, International Man Europe is abuzz with Capital in the Twenty-First Century by French economist Thomas Piketty, released in Europe in March of this year and now a best-seller. It has since crossed the Atlantic and … Continue reading
Treadmill Economics
A day hardly goes by that doesn’t offer the unexpected. Just when we thought the economy was rolling over to take a big fall something remarkable happened… “Total nonfarm payroll employment rose by 288,000, and the unemployment rate fell by … Continue reading
Posted in Economy, MN Gordon
Tagged bureau of labor statistics, jobs, labor department, president obama, retirement, saving
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Listening to the Canary
Listening to the Canary By Terry Coxon, Senior Economist During World War II, the British Royal Air Force (RAF) undertook a plan of misdirection to allow a squadron of bombers to approach an exceptionally valuable target in Europe undetected. The … Continue reading
Posted in Economy, Terry Coxon
Tagged bond market, export markets, federal reserve, investment losses, loan defaults, monetary policy
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Ventures Into Sophism
Last week, while everyone was busy watching the stock market wildly convulse about, something noteworthy occurred. Oil prices eclipsed $100 per barrel. Moreover, oil prices are up about 5 percent so far this year. “Oil futures rallied on Friday, tacking … Continue reading
Posted in Economy, MN Gordon
Tagged economic distortions, economics in one lesson, henry hazlitt, oil prices, risk-on rally
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