The only thing we have to fear..
by“Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to…
Bonds and banks
byThis year has seen some big losses develop in the bond markets, though prices have stabilised in recent days. The chart above is of…
They’re Coming to Take Away Your Cash
byThe stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason…
US Growth and employment – can the boon of cheap energy eclipse the collapse of energy investment?
byLast year’s oil price falls are still feeding through to the wider economy Oil producing states have remained resilient despite the continued lower price…
News from the richest country on earth
by“The co-authors began working on this book in 1974, just after the termination of President Nixon’s controls in the United States. Since that time,…
Cobden Partners on Radio 4
byThe Cobden Centre contributor and Cobden Partners founder Gordon Kerr was featured on BBC Radio 4’s Today yesterday talking about Kevin Dowd’s recent paper…
The fallacies of GDP
byThe common error of confusing growth with progress goes largely unnoticed, though it permeates all macroeconomic analysis. There is no better example of this…
ECB Excesses
byWith last week’s report of monetary developments in the Eurozone, we again have evidence both of Draghi’s monetary monomania and of the sheer futility…
What The “Bourbon Shortage” And The Kentucky Derby Can Teach Us About The Fed
byThere is an urban legend that there is a looming Bourbon Supply Crisis. (Heaven Forfend!) Meanwhile, American Pharoah, as expected, won the Kentucky Derby….
How Could the Fed Protect Us from Economic Waves?
byMainstream economists tell us that the Federal Reserve protects us from economic waves, indeed from the business cycle itself. In their view, people naturally…