Hayek’s Tiger

Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: inflation, corporatism, risk and space ...

Capital-Note.png
Image BY DANIEL TENREIRO
& ANDREW STUTTAFORD
Image June 11, 2021
Capital-Note-center.png
BY DANIEL TENREIRO
& ANDREW STUTTAFORD
June 11, 2021
hero

Hayek's Tiger

Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: inflation, corporatism, risk and space flight, billionaires and value creation. To sign up for the Capital Note, follow this link.

News and Views

Inflation
Well, you didn't think that topic wouldn't rate a mention . . .

From the U.K.'s New Statesman, an article by the Bank of England's chief economist, Andy Haldane. Much of this, unsurprisingly, is focused on the U.K., although much will also strike a note with American readers, not least this comparison between the policy responses to the financial crisis and the arrival of COVID-19 (my emphasis added):

During the Covid crisis, central banks have ­followed the same playbook as after the global financial crisis: a large and rapid crisis was met with a large and rapid monetary policy response. But after the global financial crisis, the economy recovered slowly so monetary policy was normalised slowly.

This time is very different. The economy is rebounding rapidly. Yet the guidance issued by central banks implies a path for ­policy normalisation every bit as sedate as after the global financial crisis. Having ­followed the global financial crisis playbook on the way in – rightly – there is a risk central banks also follow it on the way out. This would be a bad mistake. If realised, this risk would show up in monetary policy ...   READ MORE

spacer

ADVERTISEMENT

NEW ON

Capital-Matters-center.png

Joseph W. Sullivan

Politically, Global Food Inflation Has Started Flashing Red

Regimes can rise and fall in the grocery ...

Dominic Pino

Keystone XL Cancellation Shows Why 'Pro-science' Can't Be an Agenda

There are brilliant scientists doing outstanding work on climate issues, and there are brilliant scientists doing ...

Sean-Michael Pigeon

Why Employees — Including Conservatives — Want to Work for Values-Driven Companies

Americans don't want a Republican coffee or Democrat sandwich, but high-impact workers want to feel like their ...

Andrew Stuttaford

Inflation — and a Timely NR Capital Matters Webinar Today at 2 P.M. EDT

Join us for a webinar about ...

Veronique de Rugy

The G-7's Tax Cartel Is Bad News

This is a flagrant violation of the lower tax countries’ ...

Dominic Pino

There's So Much Cash in Our Economy That Banks Don't Want More Deposits

Now we’ve got banks (banks!) saying they don’t want more money. The Biden administration’s ...

THE CAPITAL RECORD PODCAST

WHAT NR IS READING

The Case for Nationalism: How It Made Us Powerful, United, and Free

By Richard Lowry

“Makes an original and compelling case for nationalism . . . A fascinating, erudite—and much-needed—defense of a hallowed idea unfairly under current attack.” — Victor Davis Hanson

LEARN MORE
CapitalRecordAd-final1_BLUE_NONMEM.jpg

ADVERTISEMENT

 
 
 
Learn more about RevenueStripe...
national review

Follow Us & Share

19 West 44th Street, Suite 1701, New York, NY, 10036, USA
Your Preferences | Unsubscribe | Privacy
View this e-mail in your browser.

Commentaires

Posts les plus consultés de ce blog

Chris Ramsey can take the heat, but what would relegation for QPR mean for black managers in the Premier League?

How a team of innovators overcame the odds to create water from thin air

Britain's health service uses long Twitter thread to explain why it needs more black people to donate blood