What happens when governments control prices? Some of you might remember the answer, having learned it the hard way. Government price controls create either shortages…
I’ve received feedback on my piece about bank bail-ins and depositor protection. It was sent on 22 October 2020 and called “The Reverse Bank Robbery“.…
Yesterday’s Fortune & Freedom discussed the case for inflation. Or stagflation – the theoretically impossible combination of rising unemployment and rising inflation. But what about…
Economists used to believe high unemployment and inflation were an impossible combination. Shortly before just that combination happened in the mid-70s, of course. Not to…
Yesterday’s Fortune & Freedom explored the weird and not so wonderful world of negative interest rates. We focused on the theoretical side of things. Why…
On 28 September, economists at the US central bank published some important research. It concluded that imposing negative interest rates is a bad idea. Sure…
Right now, there are plenty of risks to your money. Brexit, Covid-19, the lockdowns, negative interest rates and plenty more. But they’re very different risks…