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Value does not come out of the workshop, but out of the wants which goods satisfy.

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Month: January 2017

Banking, Bubble, Central Banks, China, Monetary Policy

Chinese Philosopher Kings, Losing their Yuan FX Religion?

Eugen von Böhm-Bawerk/January 3, 2017 /12 Comments
two-stages-of-pboc-mon-pol

It took a while, but the world are slowly coming to grips with the simple fact that the red-suzerains in Beijing are not the infallible leaders en route to a new superior economic model as they thought they were. All the craze that emanated from the spurious work of Joshua Cooper Ramo, which eventually led…

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bawerk.net

“Value does not come out of the workshop, but out of the wants that goods satisfy” The quote by mr Eugen von Böhm-Bawerk is as true today as it was more than 100 years ago, even though modern pundits often ignore the simple fact. This blog is not an attempt to revive mr Böhm-Bawerks thoughts, life and deeds, but from a sober view of the world comment on and analyze ongoing events. We aim to take the analysis a step further. We question accepted truths and always strive to answer the simple question “why?” We are opinionated. We hope you will enjoy the ride.
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