Nobel Laureate

Steve H. Hanke's picture

The calculated risks that a financial institution takes when investing is best understood by the institution itself, not the government or any outside party. So, shouldn’t these banks determine how to utilize their capital if they are the ones who best understand the risks they take?

Meet The 22 Economists That Want To Kill Your Purchasing Power

After the Fed failed to spark any notable increase in aggregate demand despite keeping interest rates at zero for seven years, a group of economists is pressuring the central bank to rethink one of its most closely held-policy parameters...  


Discoverer Of DNA's Double-Helix Banned From U of I For "Failing Test Of Decency"

Nobel Laureate James Watson, one of the world's most important living scientists, was set to give a lecture at the University of Illinois at Urbana-Champaign. Until he was disinvited - not because of anything related to his groundbreaking co-discovery of the structure of DNA but because some faculty members say he has racist views.

The Economic School You've Never Heard Of

Mainstream economics is under heavy pressure. Consistently wrong policies and forecasts have damaged the field dubbed “the dismal science.” Almost all alternative economists are calling for more government involvement to “fix” the free market and make it work better. But there is one school of economics, once prevalent in academia until it was pushed into obscurity, that places the power to fix the world’s problems in the hands of the people.

El-Erian Warns Of America's CONfidence Economy

Financial markets seem convinced that the recent surge in business and consumer confidence in the US economy will soon be reflected in “hard” data, such as GDP growth, business investment, consumption, and wages. But economists and policymakers are not so sure. (To some outside the US, it is an assumption that sometimes looks a lot like blind faith.)