The newly released Misery Index, compiled by the Instituto Juan de Mariana, provides a detailed analysis of economic hardship across the European Union, focusing on unemployment and inflation as its key indicators.
The Experience of Free Banking outlines a monetary system where private banks issue competing banknotes, usually anchored to a commodity like gold or silver, replacing the central bank’s role.
The policy reaction to the Covid-19 pandemic will increase budget deficits massively in all the world’s leading countries. The deficits will to a significant extent be monetised, with heavy state borrowing from both national central banks and commercial banks.