USD ready for a second leg higher – then what?
byOne year ago we showed the following chart to explain the relative strong dollar that was on everyone’s mind at the time. With a…
Pound Sterling troubles would have been irrelevant with Free Banking
byThe violent exchange-rate fluctuations in pound sterling raise a host of issues that are causes for concern. Increased inflation is one of the primary…
Fed’s official expressed concern of a possible low natural rate
byIt is widely accepted that by means of suitable monetary policies the US central bank can navigate the economy towards a growth path of…
Benn Steil: History Shows Trump’s Trade Policy Is a Recipe for Recession
byThe central theme of Donald Trump’s economic policy is trade. He promises to slash America’s trade deficit by tearing up international agreements and imposing…
A history of Fractional Reserve Banking – or why interest rates are the most important influence on stock market valuations? Part 1
byEditor’s Note: The following history of fractional reserve banking, by Colin Lloyd, was kindly written especially for The Cobden Centre. William Hogarth – The…
The Fed Who Cried Growth
byBy Jonathan Newman The FOMC has consistently overestimated future Fed Funds Rate (FFR) hikes. For a body that prides itself on super-scientific research methods and…
Turn those machines back off !
by“Isn’t it funny when you walk into an investment firm and you see all of the financial advisers watching CNBC. That gives me the…
Trade deals – a global issue
byThe annual Conservative Party conference commenced last Sunday, and the media focus was mostly about the Government’s stance on Brexit. This is hardly surprising,…
Economic Ideas: The Ancient Romans, Who Went from Rule of Law to Corrupting Inflation and Price Controls
byThe ancient Romans failed to leave any systematic body of thoughts on economics, just like the ancient Greeks had failed to. Indeed, many of…
The Humours of Change Alley
byI was recently flattered to be asked how I envisaged the dreaded ‘helicopter money’ working if it were not to simply add further to…