Enabling a Choice of Monies aligns with the ‘Northern Powerhouse’ ideal
The ‘Northern Powerhouse’ is one of the prominent (albeit perceived to be failing) public policy strategies that have not been discontinued by Theresa May’s…
Read MoreOctober, 2016
“Subtle forward guidance”: The marriage between best practice central banking and commodity markets
In the years following the 2008 crash and today, the use of forward guidance from central banking policy makers has become increasingly important. What…
Read MoreThe Left’s Fed Up Makes A Naked Power Grab For Control Of The Fed
The left is undertaking an amazing back door plan to dramatically increase its influence over the Fed’s interest-rate-setting Open Market Committee. The key activist…
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Is the glut of saving behind downtrend in natural interest rate?
In his speech at the New York Federal Reserve of New York on October 5 2016 the Federal Reserve vice Chairman Stanley Fischer has…
Read MoreEconomic Ideas: The Institutions and Economics of the Middle Ages, Part 2
The Catholic Church was the one institution in the Middle Ages that was outside of the Feudal Order of both the rural Manors and…
Read MoreEconomic Ideas: The Institutions and Economics of the Middle Ages, Part 1
In attempting to understanding the ideas and institutions of the period of history that is usually called the “Middle Ages” it must be kept…
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Memo to President Trump or President Clinton: The Gold Standard Made America Both Good and Great
Marc Levinson writing recently in The Wall Street Journal provides a very pessimistic view for the American Dream, “Why the Economy Doesn’t Roar Anymore:…
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A history of Fractional Reserve Banking – or why interest rates are the most important influence on stock market valuations? Part 2
Source: 1propaganda.com Central banks appear more powerful than at any time in their history – has something changed? Not really – because of…
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USD ready for a second leg higher – then what?
One year ago we showed the following chart to explain the relative strong dollar that was on everyone’s mind at the time. With a…
Read MorePound Sterling troubles would have been irrelevant with Free Banking
The violent exchange-rate fluctuations in pound sterling raise a host of issues that are causes for concern. Increased inflation is one of the primary…
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