Bank gearing in the Eurozone
byAccording to the ECB’s Bank Lending Survey for October banks eased their credit standards in the last quarter, while their risk perceptions increased. This…
Brave new world
by“Sir, Adair Turner suggests some version of monetary financing is the only way to break Japan’s deflation and deal with the debt overhang (“Print…
Interview with Martin Wolf on Monetary Reform, Part 2
byMartin Wolf wrote an excellent article earlier this year on monetary reform, which can be found here . Martin’s new book, “The Shifts and the…
Interview with Martin Wolf on Monetary Reform, Part 1
byMartin Wolf wrote an excellent article earlier this year on monetary reform, which can be found here . Martin’s new book, “The Shifts and the…
Understanding the Money Creation and Society Debate
byTogether with colleagues spanning four parties – Michael Meacher (Lab), Caroline Lucas (Green), Douglas Carswell (UKIP) and David Davis (Con) – I have secured a…
The Gold Standard Did Not Cause The Great Depression, Part 2
byAs noted in my previous column, AEI’s James Pethokoukis and National Review‘s Ramesh Ponnuru — among many others — appear to have fallen victim…
The Gold Standard Did Not Cause The Great Depression, Part 1
byAEI’s James Pethokoukis and National Review’s Ramesh Ponnuru — among many others — appear to have fallen victim to what I have called “the…
Road to nowhere
bySpring 2010: A gradual recovery Autumn 2010: A gradual and uneven recovery Spring 2011: European recovery maintains momentum amid new risks Autumn 2011: A…
Means-ends and consumer choices
byA major problem with the mainstream framework of thinking is that people are presented as if a scale of preferences were hard-wired in their…
Deflation comes knocking at the door
byThere is little doubt that deflationary risks have increased in recent weeks, if only because the dollar has risen sharply against other currencies. Understanding…