The Radford Free Press – Page 265 – All life is problem solving.

Economics / bond markets, creditors, deficits, fiscal policy, inflation, interest rates, monetary policy, US Treasury Bonds /

My Density Factor

November 21, 2011

I must be dense. There is something really odd about today’s activity in the US bond market. Treasury prices rose. The 10 year bond now has an interest rate below 2%. With inflation over the last twelve months running at around 3.5%, that means investors are getting a negative real rate. They are paying us […]

Commentary, Economics /

Technocrats, Ethics, and Radical Economics

November 18, 2011

Right at this moment the lives of hundreds of millions of people, or at least their immediate economic prospects, are in the hands of a narrowing number of technocrats and politicians. That the technocrats have been given control in two Euro Zone countries is an affront to democracy. That the technocrats are, by and large, […]

Economics / Consumer Price Index, consumption, Federal Reserve Board, inflation, monetary policy, retail sales, von Mises, wages /

Inflation and von Mises

November 16, 2011

Yesterday I speculated that the decline in the cost of basic goods like gasoline was a contributory cause of the uptick in retail sales in October. Today’s consumer price report supports that notion. The headline rate of inflation, the consumer price index, declined 0.1% last month bringing the rate for the last twelve months down […]