<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[RSS Feed]]></title><description><![CDATA[RSS Feed]]></description><link>http://direct.ecency.com</link><image><url>http://direct.ecency.com/logo512.png</url><title>RSS Feed</title><link>http://direct.ecency.com</link></image><generator>RSS for Node</generator><lastBuildDate>Sat, 18 Apr 2026 00:09:01 GMT</lastBuildDate><atom:link href="http://direct.ecency.com/@martinhutchinson/rss" rel="self" type="application/rss+xml"/><item><title><![CDATA[The Bear’s Lair: Cryptocurrencies and the South Sea Company]]></title><description><![CDATA[Cryptocurrencies have not taken over as the new Gold Standard, but nor have they disappeared, and they have been showing something of a revival in the last few months. We are thus in a similar position]]></description><link>http://direct.ecency.com/cryptocurrency/@martinhutchinson/the-bear-s-lair-cryptocurrencies-and-the-south-sea-company</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@martinhutchinson/the-bear-s-lair-cryptocurrencies-and-the-south-sea-company</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[martinhutchinson]]></dc:creator><pubDate>Mon, 17 Jun 2019 19:47:18 GMT</pubDate></item><item><title><![CDATA[The Bear’s Lair: Competition is good for governments, too]]></title><description><![CDATA[It is a well-known economic principle, the central thesis of Adam Smith’s work, that competition between individual businesses produces better outcomes, while monopolies and oligopolies result in inefficiency]]></description><link>http://direct.ecency.com/economics/@martinhutchinson/the-bear-s-lair-competition-is-good-for-governments-too</link><guid isPermaLink="true">http://direct.ecency.com/economics/@martinhutchinson/the-bear-s-lair-competition-is-good-for-governments-too</guid><category><![CDATA[economics]]></category><dc:creator><![CDATA[martinhutchinson]]></dc:creator><pubDate>Mon, 22 Oct 2018 22:46:09 GMT</pubDate></item><item><title><![CDATA[The Bear’s Lair: Housing bubbles are universally destructive]]></title><description><![CDATA[Ever since this column started in 2000, I have been writing that British house property is hopelessly overpriced. There is no question this has been spectacularly bad investment advice – Londoners who]]></description><link>http://direct.ecency.com/housing/@martinhutchinson/the-bear-s-lair-housing-bubbles-are-universally-destructive</link><guid isPermaLink="true">http://direct.ecency.com/housing/@martinhutchinson/the-bear-s-lair-housing-bubbles-are-universally-destructive</guid><category><![CDATA[housing]]></category><dc:creator><![CDATA[martinhutchinson]]></dc:creator><pubDate>Tue, 02 Oct 2018 00:47:27 GMT</pubDate></item><item><title><![CDATA[The Bear’s Lair: The happy new world of tariffs]]></title><description><![CDATA[As President Trump imposes tariffs on China and elsewhere, much dark muttering is heard from the media and conventional economists about Smoot-Hawley and the 1930s. They are too gloomy. Two factors have]]></description><link>http://direct.ecency.com/economics/@martinhutchinson/the-bear-s-lair-the-happy-new-world-of-tariffs</link><guid isPermaLink="true">http://direct.ecency.com/economics/@martinhutchinson/the-bear-s-lair-the-happy-new-world-of-tariffs</guid><category><![CDATA[economics]]></category><dc:creator><![CDATA[martinhutchinson]]></dc:creator><pubDate>Tue, 25 Sep 2018 01:23:45 GMT</pubDate></item><item><title><![CDATA[The Bear’s Lair: Learning the right lessons from 2008]]></title><description><![CDATA[Learning the right lessons from financial crises is tough. The 1929 stock market crash was blamed for all the ills of the Great Depression that succeeded it and led to two decades of regulation and socialism.]]></description><link>http://direct.ecency.com/economy/@martinhutchinson/the-bear-s-lair-learning-the-right-lessons-from-2008</link><guid isPermaLink="true">http://direct.ecency.com/economy/@martinhutchinson/the-bear-s-lair-learning-the-right-lessons-from-2008</guid><category><![CDATA[economy]]></category><dc:creator><![CDATA[martinhutchinson]]></dc:creator><pubDate>Tue, 18 Sep 2018 00:33:30 GMT</pubDate></item><item><title><![CDATA[The Bear’s Lair: China’s coming Austrian collapse]]></title><description><![CDATA[“The coming collapse of China” has been predicted many times. Indeed, an excellent book of that title was a best-seller back in 2001. Yet the fictitiousness of Chinese economic statistics remains, and]]></description><link>http://direct.ecency.com/china/@martinhutchinson/the-bear-s-lair-china-s-coming-austrian-collapse</link><guid isPermaLink="true">http://direct.ecency.com/china/@martinhutchinson/the-bear-s-lair-china-s-coming-austrian-collapse</guid><category><![CDATA[china]]></category><dc:creator><![CDATA[martinhutchinson]]></dc:creator><pubDate>Tue, 14 Aug 2018 00:49:06 GMT</pubDate></item><item><title><![CDATA[The Bear’s Lair: The AI revival of Thomas Mun]]></title><description><![CDATA[Thomas Mun (1571-1641) wrote the mercantilist classic “England’s Treasure by Forraign Trade” arguing that the country should run a trade surplus and thereby build up “treasure.” It was derided by classical]]></description><link>http://direct.ecency.com/ai/@martinhutchinson/the-bear-s-lair-the-ai-revival-of-thomas-mun</link><guid isPermaLink="true">http://direct.ecency.com/ai/@martinhutchinson/the-bear-s-lair-the-ai-revival-of-thomas-mun</guid><category><![CDATA[ai]]></category><dc:creator><![CDATA[martinhutchinson]]></dc:creator><pubDate>Tue, 26 Jun 2018 02:31:18 GMT</pubDate></item><item><title><![CDATA[The Bear’s Lair: Globalization has become political poison]]></title><description><![CDATA[Since 1991, globalization has been touted as the solution to all the world’s problems, that will pull emerging markets out of poverty while making rich countries more efficient and competitive. Yet in]]></description><link>http://direct.ecency.com/politics/@martinhutchinson/the-bear-s-lair-globalization-has-become-political-poison</link><guid isPermaLink="true">http://direct.ecency.com/politics/@martinhutchinson/the-bear-s-lair-globalization-has-become-political-poison</guid><category><![CDATA[politics]]></category><dc:creator><![CDATA[martinhutchinson]]></dc:creator><pubDate>Mon, 04 Jun 2018 21:22:51 GMT</pubDate></item><item><title><![CDATA[The Bear’s Lair: Shadows deepen on EU economy]]></title><description><![CDATA[Most EU countries are rich and highly productive, with specialized industries other countries would die for. Yet the bloc’s economic track record has been mediocre in the past decade and looks likely to]]></description><link>http://direct.ecency.com/eu/@martinhutchinson/the-bear-s-lair-shadows-deepen-on-eu-economy</link><guid isPermaLink="true">http://direct.ecency.com/eu/@martinhutchinson/the-bear-s-lair-shadows-deepen-on-eu-economy</guid><category><![CDATA[eu]]></category><dc:creator><![CDATA[martinhutchinson]]></dc:creator><pubDate>Tue, 01 May 2018 05:56:33 GMT</pubDate></item><item><title><![CDATA[The Bear’s Lair: Balance the budget the McKinley way]]></title><description><![CDATA[Opponents of President Trump’s proposed tariffs obscure one important feature of them: they provide revenue for the Federal budget. President William McKinley financed the naval squadron that Admiral George]]></description><link>http://direct.ecency.com/finance/@martinhutchinson/the-bear-s-lair-balance-the-budget-the-mckinley-way</link><guid isPermaLink="true">http://direct.ecency.com/finance/@martinhutchinson/the-bear-s-lair-balance-the-budget-the-mckinley-way</guid><category><![CDATA[finance]]></category><dc:creator><![CDATA[martinhutchinson]]></dc:creator><pubDate>Tue, 17 Apr 2018 01:48:45 GMT</pubDate></item><item><title><![CDATA[The Bear’s Lair: De-globalization gathering momentum]]></title><description><![CDATA[President Trump’s sudden announcement of tariffs on steel and aluminum is by no means unprecedented – Presidents Reagan and George W. Bush took similar actions. Yet it emphasizes a reality first pointed]]></description><link>http://direct.ecency.com/economics/@martinhutchinson/the-bear-s-lair-de-globalization-gathering-momentum</link><guid isPermaLink="true">http://direct.ecency.com/economics/@martinhutchinson/the-bear-s-lair-de-globalization-gathering-momentum</guid><category><![CDATA[economics]]></category><dc:creator><![CDATA[martinhutchinson]]></dc:creator><pubDate>Wed, 28 Mar 2018 20:33:48 GMT</pubDate></item></channel></rss>