Don Boudreaux on Globalization and Trade Deficits. EconTalk podcast, Jan. 21, 2008.
Note: For readers familiar with BIE's older model for the 8 Essential Elements of PBL, learn about why we changed it here .
Warren Buffett’s favorite indicator for analyzing the valuation of the stock market is the market capitalization of the stock market divided by gross domestic product (GDP). NIA has just created brand new must see market cap/GDP ratio charts for 11 of the world’s largest stock markets covering 73% of the…
Parents pull children as letter expresses 'major governance concerns' at school
The historical evidence adduced by Barsky and Summers leaves but one explanation for this breakdown in the operation of Gibson's paradox: what they call "government pegging operations" working on the price of gold. What is more, this same evidence also demonstrates that absent this governmental interference in the free market for gold, falling real rates would have led to rising gold prices which, in today's world of unlimited fiat money, would have been taken as a warning of future inflation and likely triggered an early reversal of the decline in real long-term rates.