The Cobden Centre has been established to promote social progress through honest money, free trade and peace. We endorse Richard Cobden's view that:
Peace will come to earth when the people have more to do with each other and governments less.
The Honorable Ron Paul says:
Why is gold good money? Because it possesses all the monetary properties that the market demands: it is divisible, portable, recognizable and, most importantly, scarce – making it a stable store of value.
True. Yet those properties are not the most relevant today. The most important characteristic that makes gold a good [...]
In his New York Times article of May 7, columnist Bruce Bartlett laments that given the current state of economic affairs we need more Keynesian medicine to fix the US economy. According to Bartlett the core insight of Keynesian economics is that there are very special economic circumstances in which the general rules of economics [...]
“When the cover of a major financial magazine features a cartoon of a bull leaping through the air on a pogo stick, it’s probably about time to cash in the chips.”
- John Hussman of Hussman Funds in his April letter.
￼Amsterdam, March 1637 (Ruyters): The latest Dutch tulip harvest is in, and experts confidently predict another [...]
Back in mid-March I made the latest of my somewhat rare specific, near-term market predictions, in this case that a US stock market correction or even a crash was imminent. Now some six weeks and a further 5% rally later, I revisit this view. Why, amid surprisingly weak economic data, corporate profit warnings and continued [...]
Laissez Faire Books have just released a splendid new edition of Doug French’s book, Early Speculative Bubbles, previously published by Mises.org. So how do I know this book is splendid? Because I wrote the new Foreword, which just by itself is magnificent. For those who want more of a breakdown, you can see a review I did of the first [...]