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The Cobden Centre has been established to promote social progress through honest money, free trade and peace. We are named after Richard Cobden, the MP credited with establishing free trade in the general interest and who said:
I hold all idea of regulating the currency to be an absurdity; the very terms of regulating the currency and managing the currency I look upon to be an absurdity; the currency should regulate itself; it must be regulated by the trade and commerce of the world; I would neither allow the Bank of England nor any private banks to have what is called the management of the currency...

Recent articles

Money Creation and Society Debate in Full

28 November 14 by The Cobden Centre

[Editor’s Note: The “Money Creation and Society” debate, which took place in the UK Parliament on Thursday the 20th November 2014, is shown below in both video and transcribed text formats.]

11.18 am

Steve Baker (Wycombe) (Con): I beg to move,

That this House has considered money creation and society.

The methods of money production in society today […]


Are major economies suffering from the deficiency of demand?

27 November 14 by Dr Frank Shostak

In his article “The curse of weak global demand”, Financial Times November 18, 2014, the economics columnist Martin Wolf wrote that today’s most important economic illness is chronic demand deficiency syndrome. Martin Wolf argues that despite massive monetary pumping by the central banks of US and EMU and the lowering policy interest […]


“Smacking a skunk with a tennis racket”

26 November 14 by Tim Price

“Finally, as expectations of rapid inflation evaporate, I want to contribute to the debate about the November 15, 2010 letter signed by 23 US academics, economists and money managers warning on the Fed’s QE strategy. Bloomberg News did what I would call a hatchet job on the signatories essentially saying how wrong they have been […]


Should economics emulate natural sciences?

24 November 14 by Dr Frank Shostak

Economists have always been envious of the practitioners of the natural and exact sciences. They have thought that introducing the methods of natural sciences such as laboratory where experiments could be conducted could lead to a major break-through in our understanding of the world of economics.
But while a laboratory is a valid way of doing […]


That G20 meeting

23 November 14 by Alasdair Macleod

G20 gatherings of world leaders on the surface are all the same: they conclude with a meaningless anodyne statement that everyone can agree with. But these meetings do serve a purpose: they allow the world leaders to meet informally and exchange views.

Since the last G20 in St Petersburg in 2013 when there was a […]