I’ve entitled this episode of Cantillon Effects, ‘Duck Hunting’, not because I have any sudden urge to blast waterfowl out of the sky, but because a number of economic canards clearly need shooting down before they can find a safe place to roost in the general consciousness and there begin to breed even more confusion […]
Tag Archives: Austrian School
As world stock markets have continued to climb to cyclical – if not all-time – highs, it has become almost the norm for industry Talking Heads to season their smatterings of media insight with a brief, talismanic expression of scepticism, uttered partly to appease the ever-jealous God of the Markets but mainly so as to […]
At the start of the year it has become wearily traditional for us pundits to offer one of two genres of prediction. The first takes the form of a genuine—if ultimately foredoomed—attempt to lift a ragged corner of those thick shrouds of unknowability which separate today from tomorrow. The second combines such futility with a […]
There are those who can display a solid grasp of the oft–misunderstood mechanics of credit and money generation by banks and who are also well aware of the episodes of endemic mistakes this entrains in in our system. Yet, perhaps because they possess a certain ideological bent, many such commentators cannot seem to steel themselves […]