inflation

If the activity of bankers/banks, even in the earliest existence and formation of banking, is to store deposits and, based on the available funds, to grant loans, then it is appropriate to trace the contractual relations in this process. If a person has great wealth – measured in money/barter goods, …

Highlights: - Construction production accelerates sharply in January, reaching record levels for the last 10 years - Consumer inflation accelerates, that of industrial goods slows down - Housing lending continues to accelerate and also grows at record levels for the last years - Industrial sales and production grow by …

After examining the main differences between gold and silver as investment assets in the previous two articles, in this article we will pay attention to three main indicators whose dynamics have a relatively high level of correlation with their price dynamics. First, we will pay attention to the macroeconomic indicator, which is most often …

Stock markets have been a hot topic in the media space for the past few weeks. The Dow Jones Industrial Average posted its biggest one-day drop since 2008 at the start of the month, falling 5.2% to 24,190.90 points. The S&P 500 also ended the first week of February down 5.2%, while the Nasdaq closed the week down 5.1% …

Highlights: - Construction production falls in December, but it is still early to talk about a reversal of the strong upward trend in the sector - Inflation also slows, both in consumer and manufactured goods, but remains high - Lending accelerates slightly, with housing lending growing at the fastest pace towards …

Ludwig von Mises, original title in English: "Lord Keynes and Say's law" I Lord Keynes's main contribution to economic thought lies not in the development of new ideas, but in the "escape from the old", as he declares at the end of the preface to his "General Theory". Keynesians tell us that his famous ...

Highlights: - Higher consumption leads to an acceleration in the pace of inflation in almost all categories of consumer goods and services - Lending to non-financial corporations slows, but consumer credit remains high and supports inflation - Construction production grows again at a double-digit pace, thanks to a recovery in engineering construction - Growth in …

Modern economists use a range of statistical methods, ranging from extremely complex ones to simple displays of historical data. It is generally accepted that through statistical correlation, historical data can be transformed into useful information, which in turn can serve as a basis for assessing the economy as a whole. Unfortunately, this …

Highlights: - With pre-crisis employment levels reaching new lows, labor shortages are becoming increasingly serious in some sectors - Building construction growth continues to pull ahead, most likely due to inflation in property prices - Inflation continues to accelerate in late summer and reaches …

The EKIP proudly presents a full translation of the fundamental essay “Ten Great Economic Myths” by the great American economist Murray Rothbard, which you can read and download here. Murray Rothbard is one of the greatest economists of the 20th century, a prominent representative of the Austrian School of Economics, and a founder of the modern libertarian movement in …