Trade and Protectionism post globalisation
byProtectionism is on the increase among developed nations The benefits of free-trade have been most evident in developing countries Short-term effects on financial markets…
Zero Hedge: The ECB Has Almost Run Out Of German Bonds To Buy
bySource: http://www.zerohedge.com/news/2017-06-06/ecb-has-almost-run-out-eligible-german-bonds-buy One month ago, when looking at the sudden change in ECB bond purchasing patterns, especially of German Bunds, we reported that the central…
How Long Can the Fed Keep the Boom Going?
byThe US bond market trades at a quite high valuation. For instance, the 10-year US Treasury bond presents a price earnings (PE) ratio of…
Dr Jamie Whyte joins IEA as Director of Research
byCongratulations to Cobden Centre contributor Dr Jamie Whyte who was just hired as Director of Research at the IEA. We are sure his steadfast…
Debts, Bastiat and modern economics
byThere is a well-worn conundrum told about a stranger, who walks into the hotel in a remote, sleepy village in Mexico, and reserves a…
Economic Ideas: Frédéric Bastiat on the Law of Liberty and Free Markets
byThe defense of economic liberty has never been an easy task. Adam Smith expressed his own despair at this problem in The Wealth of…
CHAPTER NINE: REFORM
byWhy Reform? Imagine a world where huge amounts of money are created out of nothing for private profit and destroyed again once profit is…
Money out of “thin air” and economic cycles
byAccording to the Nobel Laureate in Economics, Milton Friedman, the root of the business cycle is the fluctuations in the growth rate of money…
The importance of randomness
byThe greatest strength of a truly free market economy, where money is sound and does not corrupt prices, is the absence of cyclical action….
The World’s Central Banks Are Frozen with Fear
byBy Ryan McMaken 2016 was supposed to be the year that the Federal Reserve “normalized” its policies. As much as two years ago —…