The Cobden Centre has been established to promote social progress through honest money, free trade and peace. We endorse Richard Cobden's view that:
Ludwig von Mises once wrote that all of economics can be neatly summed up in one of two studies: either you are studying how prices come into being, or you are studying how markets allocate goods. All economic problems can be distilled into one of these two categories.
Prices and markets are innocuous concepts – they [...]
Most people — from young to old and from all ends of the political spectrum — are united by a common bond. The idea that banks are deserving of taxpayer support is viewed as morally repugnant to them. Business owners see bank bailouts as an unfair advantage that is not extended to all businesses. Those [...]
There has been a growing shift in favour of assets relative to bank deposits. This was initially encouraged by zero interest rates, but more recently there is little doubt that Cyprus’s bail-in has accelerated the trend. This explains the bull markets in bonds and equities, which conveniently underwrites the entire banking system. It is however [...]
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 [...]