Sunday we got some bad news, which many wrongly will see as good news – this is from Reuters: China and the United States on Sunday committed anew to refrain from competitive currency devaluations, and China said it would continue an orderly transition to a market-oriented exchange rate for the yuan CNY=CFXS. …Both countries said […]
All posts found when searching for mises
In a deflationary world at the ZLB we need ‘competitive devaluations’
Posted by Lars Christensen on September 4, 2016
https://marketmonetarist.com/2016/09/04/in-a-deflationary-world-at-the-zlb-we-need-competitive-devaluations/
China should float the renminbi
The big news of the day is that the Chinese authorities have allowed the renminbi to depreciate by 2%. This has triggered the normal sensationalist warnings about an upcoming “currency war”. I must say I find these warnings to be rather uneducated about monetary theory and about monetary history. Hence, normally it is said that devaluations […]
Share this:
Posted by Lars Christensen on August 11, 2015
https://marketmonetarist.com/2015/08/11/china-should-float-the-renminbi/
Soon everybody will be scared about ‘currency war’ again – we should be celebrating
With the dollar continuing to strengthen and now the Japanese yen starting to take off as well central bankers in the US and Japan are likely increasingly becoming worried about the deflationary tendencies of stronger currencies and recent comments from both countries’ central banks indicate that they will not allow their currencies to strengthen dramatically […]
Share this:
Posted by Lars Christensen on October 10, 2014
https://marketmonetarist.com/2014/10/10/soon-everybody-will-be-scared-about-currency-war-again-we-should-be-celebrating/
Beating the Iron Law of Public Choice – a reply to Peter Boettke
Studying Public Choice theory can be very depressing for would-be reformers as they learn about what we could call the Iron Law of Public Choice. The students of Public Choice theory will learn from Bill Niskanen that bureaucrats has an informational advantage that they will use to maximizes budgets. They will learn that interest groups […]
Share this:
Posted by Lars Christensen on July 29, 2013
https://marketmonetarist.com/2013/07/29/beating-the-iron-law-of-public-choice-a-reply-to-peter-boettke/
More silliness from the tin foil hat Austrians
I love reading the normally good blog posts on freebanking.org written by clever economists such as George Selgin and Kurt Schuler. However, the Facebook page of freebanking.org very often fails to live up to the same good standards as the blog. In fact most updates are what I consider to be internet-Austrian nonsense. Here is […]
Share this:
Posted by Lars Christensen on October 19, 2013
https://marketmonetarist.com/2013/10/19/more-silliness-from-the-tin-foil-hat-austrians/
The books on money that David Laidler would like you to read
As I wrote in my post on Milton Friedman’s “Money Mischief” yesterday I have asked a number of “monetary thinkers” to make a list of around five (or so) books on monetary matters they would recommend for students of economics. I had initially just thought I would make a list of books based on the […]
Share this:
Posted by Lars Christensen on July 2, 2013
https://marketmonetarist.com/2013/07/02/the-books-on-money-that-david-laidler-would-like-you-to-read/
Unfocused vacation musings – part 4
It is still vacation time for the Christensen family. So far we have been extremely lucky with the weather in Skåne in Southern Sweden. There has also been time for a bit of blogging. So here are a bit more random and disorganised thoughts on money and the world in general – actually not too […]
Share this:
Posted by Lars Christensen on July 15, 2013
https://marketmonetarist.com/2013/07/15/unfocused-vacation-musings-part-4/
Mises was clueless about the effects of devaluation
Over at the Ludwig von Mises Institute’s website they have reproduced a comment from good old Ludwig von Mises on “The Objectives of Currency Devaluation” from Human Action. I love Human Action and there is no doubt Ludwig von Mises was a great economist, but to be frank when it comes to the issue of devaluation […]
Share this:
Posted by Lars Christensen on March 2, 2012
https://marketmonetarist.com/2012/03/02/mises-was-clueless-about-the-effects-of-devaluation/
Steve, George and Bryan debate Austrian economics and empirics
I am a huge fan of Cato-Unbound.org. Here you find good insightful and intellectual debates amount classical liberal, libertarian and conservative scholars on a number of topics. The quality of the pieces on Cato Unbound is always very high. That is also the case for the latest “debate”. As always there is a “Lead Essay” […]
Share this:
Posted by Lars Christensen on September 11, 2012
https://marketmonetarist.com/2012/09/11/steve-george-and-bryan-debate-austrian-economics-and-empirics/
Guest post: Misunderstanding Say’s Law of Markets (Garrett Watson)
I have always wanted to promote the work of young scholars on this blog and have been grateful that a couple of gifted young economists have published guest posts on this blog. I want to continue that “tradition” and I am therefore happy that Garrett Watson – a student of Steve Horwitz at St. Lawrence […]
Share this:
Posted by Lars Christensen on November 1, 2012
https://marketmonetarist.com/2012/11/01/guest-post-misunderstanding-says-law-of-markets-garrett-watson/
