Tag Archives: interventionism

The Path to the Final Crisis by Pater Tenebrarum

‘… negative interest rates could not exist in an unhampered free market. They are an entirely artificial result of central bank intervention. The so-called natural interest rate is actually a non-monetary phenomenon – it simply reflects time preferences. Time preferences are … Continue reading

Posted in Political_Economy | Tagged , , | Comments Off on The Path to the Final Crisis by Pater Tenebrarum

The Pitfalls of Currency Manipulation – A History of Interventionist Failure by Pater Tenebrarum

A History of Devastating Failures History suggests that global monetary policy cooperation in order to artificially prop up or weaken specific currencies invariably leads to major disasters. The most famous example is perhaps the agreement struck between the Federal Reserve’s … Continue reading

Posted in Political_Economy | Tagged , | Comments Off on The Pitfalls of Currency Manipulation – A History of Interventionist Failure by Pater Tenebrarum

The Big Short Misleads on Ratings Agencies: Government Regulators Crippled the Market’s Self-Regulation by Robert P. Murphy

The most interesting part of Murphy’s article is how government regulations regarding credit ratings agencies prevented a vital feedback mechanism for evaluating their efficacy. ‘The Role of Regulation Finally, consider the role of government financial regulation. There are various rules … Continue reading

Posted in Political_Economy | Tagged , | Comments Off on The Big Short Misleads on Ratings Agencies: Government Regulators Crippled the Market’s Self-Regulation by Robert P. Murphy

Contra Krugman: Episode 10 – Terrorism Creates Jobs

In this episode of Contra Krugman, Woods and Murphy are joined by Scott Horton, who provides a detailed background of US and French intervention in the Middle East and Africa over the past two decades.

Posted in Political_Economy | Tagged , , | Comments Off on Contra Krugman: Episode 10 – Terrorism Creates Jobs

The Long History of French Military Intervention in the Middle East and Africa by Ryan McMaken

‘After the 9/11 Attacks, American politicians invented the “they hate us because we’re free” explanation of why the US was a target for international terrorism. The slogan has been especially effective among very ignorant sectors of the population who seemed … Continue reading

Posted in Political_Economy | Tagged , , , | Comments Off on The Long History of French Military Intervention in the Middle East and Africa by Ryan McMaken

Robert Higgs on “Do Something” Government

From the Facebook page of Robert Higgs: ‘For a century, ever since the Progressive Era, the reigning decision rule of U.S. governments at every level has been “do something.” A “do-nothing Congress,” for example, is one that passes few new … Continue reading

Posted in Political_Economy | Tagged | Comments Off on Robert Higgs on “Do Something” Government

Pater Tenebrarum on Unhampered Versus Hampered Economies

From an article titled “The Next Level of John Law Type Central Planning Madness“: ‘In an (unfortunately hypothetical) unhampered free market economy, there would be no “economic policymakers”. This would have the great advantage that interest rates and prices would … Continue reading

Posted in Political_Economy | Tagged | Comments Off on Pater Tenebrarum on Unhampered Versus Hampered Economies