Financial MarketsMoney and Banking
Works Published inSpeeches and PresentationsMises Daily ArticleQuarterly Journal of Austrian EconomicsThe Free Market
AwardsO.P. Alford III Prize in Political Economy
Dr. Thorsten Polleit, Chief Economist of Degussa and macro-economic advisor to the P&R REAL VALUE fund. He is Honorary Professor at the University of Bayreuth.
Money and BanksMoney and Banking
In its blind search for the "correct" interest-rate policy, the Fed can't succeed in extending the boom indefinitely.
Under an inflationary monetary scheme, big financial-sector players who get the new money first benefit the most. Ordinary households down the line then bear the brunt of price inflation.
Booms and BustsMoney and Banking
As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.
Money and BanksBusiness CyclesMoney and Banking
Some investors and entrepreneurs are good at guessing future trends. Economics, however, isn't what gives them the tools to do so.