The Cobden Centre has been established to promote social progress through honest money, free trade and peace. We endorse Richard Cobden's view that:
12 March 10 by Toby Baxendale
Sweden, that Democratic Socialist paradise that is the role model of all progressives, is compared to the UK, whose state sector is the same size and whose over-extended housing sector is similar.
Material Evidence, 5 Mar 2010 (click to read)
Corrigan points out how in the USA the “cash for clunkers” scheme has had the only [...]
11 March 10 by Toby Baxendale
Why Even the Best Banks are Insolvent and Inherently Dishonest
We are told that Barclays is a good bank and it did well not to take the taxpayers shilling. We are told that it has recovered and is prospering and this indeed is a sign of the economic recovery.
Part of the mission of the Honest Money [...]
10 March 10 by Toby Baxendale
Some of my City friends who work in banking have had a look at the 2009 Barclays balance sheet and made comment on how the profits are made up.
They report to me that the one off profit from the disposal of BGI to Blackrock was £6.3bn. Add that to the trading profit of £7bn and you [...]
9 March 10 by Steven Baker
This post is excerpted from Mises’ “The Causes of the Economic Crisis and Other Essays Before and After the Great Depression” which is available to buy here and download here. Both Andreas Acavalos and Toby Baxendale supported the production of this book.
Emphasis mine.
On covering government deficits by creating new money (pp 2-3):
If the practice persists [...]
8 March 10 by Toby Baxendale
The current debate about bankers’ bonuses is often seen as one of fairness pitted against the greed of those nasty capitalists,.
To me, bankers are lawfully working within the system – one that is rotten to the core. The banking system is the greatest of all examples of State corporate capitalism. We have a central bank [...]
