
The unstoppable growth of US money supply
After all the fuss about tapering, it is worth remembering that central banks can and do expand the money quantity without quantitative easing. Put…
Read MoreAfter all the fuss about tapering, it is worth remembering that central banks can and do expand the money quantity without quantitative easing. Put…
Read MoreNow that there is growing evidence of GDP growth, we must consider a new topic: the likely effect on central bank balance sheets, using…
Read More“This took guts.” – Comment by Steven Ricchiuto of Mizuho Securities in response to the Federal Reserve’s surprise decision to refrain from “tapering” its…
Read MoreOn Wednesday last the Fed surprised most people by deciding not to taper. What is not generally appreciated is that once a central bank…
Read MoreIt was not too surprising that there is going to be no tapering for some very good reasons. The commencement of tapering would have…
Read MoreOn September 17-18 US central bank policy makers are likely to decide on the reduction in their monthly purchases of bonds by between $10…
Read MoreI owe a debt of obligation to my fellow Cobdenites for kickstarting a debate about money and banking amongst the UK Austrian community. As…
Read MoreReaders of The Cobden Centre blog may be interested in the recent report from Kaleidic Economics. It focuses on an analysis of Japan’s “lost…
Read MoreOne of the oldest fallacies in economics is that the amount of work done should be reflected in the amount of pecuniary reward received…
Read MoreWriting on his website, Detlev Schlichter has announced his exit from the sphere of ideas and writing: This is the final blog entry in…
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