Liquidity Traps, Unemployment, and the Future of U.S. Equity Markets
Thinking Things Over April 8, 2012 Volume II, Number 14: Liquidity Traps, Unemployment, and the Future of U.S. Equity Markets By John L. Chapman, Ph.D. Canton, Ohio. Friday’s less-than-robust unemployment report has its origins in monetary mismanagement, with attendant consequences for investors. In the following essay we connect the dots. In the spring of 2003 .. read more
Greg Mankiw Gets It Half Right on How to Incite Growth
By John L. Chapman, Ph.D. Writing in the New York Times over the weekend, Harvard Professor of Economics Greg Mankiw correctly points out that investment outlays have been weak in the recent recovery, and this has been a reason for lack of robust economic growth and, in turn, job creation the last few years. Mr. .. read more
An Imperiled Obama Presidency, & What It Means for Investors
Thinking Things Over Musings on the Markets from Inside the Beltway By John L. Chapman, Ph.D. Volume I, No. 8 091111 In this note: A word about September 11 Addendum to last week’s comment on Solyndra President Obama’s speech, and its portrayal of the seminal intellectual error that will likely end his Presidency Ben Bernanke: .. read more
Vulgar Keynesians
Robert Higgs has a wonderful essay that explains the fallacies of Keynesianism in terms anyone can understand. Some excerpts (click here to read the whole thing) Capital and its Structure Instead, the theory pioneered by Ludwig von Mises and F. A. Hayek in the first half of the twentieth century—a theory that fell into near .. read more
Still Looking for the Credit Crunch
Robert Higgs has another article at Mises about the missing credit crunch. As I’ve discussed here before, the government claim that there is a lack of credit doesn’t show up in the statistics the government itself collects and publishes. Higgs looks again and can’t find it either. Maybe the pols had an ulterior motive? The .. read more
What Credit Crunch?
I’ve blogged about this before here and here. There seems to be a disconnect between what the Fed and Treasury are telling us about credit conditions and the data that is compiled by the Fed about credit. Reuters has a story today about a study by Celent that comes to the conclusion that the credit .. read more
Robert Higgs Bursts the Deflation Bubble
The news stories about deflation have been mushrooming again much as they did back in the early 2000s. Back then, Ben Bernanke was a member of the Fed but Greenspan was still chairman. Bernanke convinced Greenspan that deflation was imminent and that it had to be stopped. Oh my God! We can’t let prices fall! .. read more
