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 —…
Trade Deficits Don’t Matter – Unless Caused by Government
byIn 2016, the United States exported goods and services equal to $2.209 trillion, and imported goods and services with a market value of $2.712…
Expected Losses are Not Baked into the Risk Weights
byBy Tim Bush and Kevin Dowd On December 15th 2015 there was an interesting exchange on the Treasury Committee between Steve Baker MP…
Treascomm Submissions for “Effectiveness and impact of post-2008 UK monetary policy”
byBelow are the submissions from Cobden Centre contributors on the “Effectiveness and impact of post-2008 UK monetary policy” for the Treasury Select Committee. Publications: https://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/inquiries1/parliament-2015/post-2008-uk-monetary-policy-16-17/publications/…