China’s gold strategy
byChina first delegated the management of gold policy to the People’s Bank by regulations in 1983. This development was central to China’s emergence as…
The ECB should be bolder
byAs inflation rates continue to fall across the Eurozone one might expect Austrian economists to rejoice. After all, inflation reduces our purchasing power and…
Janet Yellen, Politicizing the Fed?
byJanet Yellen gave a widely noted speech, Perspectives on Inequality and Opportunity from the Survey of Consumer Finances, at the Conference on Economic Opportunity and Inequality…
Like treating cancer with aspirin
by“Sir, Your editorial “A Nobel award for work of true economic value” (October 15) cites the witty and memorable line of J M Keynes about…
A Vindication of Commercial Society
byIn the Wealth of Nations Adam Smith outlines a commercial society: When the division of labour has been once thoroughly established, it is but a…
Markets and reality disconnected
byThe behaviour of financial markets these days is frankly divorced from reality, with value-investing banished. Markets have become distorted by Rumsfeld-knowns such as interest…
Should governments impose stricter regulations on large firms?
byFrenchman Jean Tirole of the University of Toulouse won the 2014 Nobel Prize in Economic Sciences for devising methods to improve regulation of industries…
In defence of capitali$m
by[This article was written for BMS World Mission and can be found here.] I want an end to poverty. I want a social system…
Four Reasons the Bernanke-Yellen Asset-Price Inflation May Be Nearing Its End
byThere are strong indications that the remarkable run up of asset prices in the last few years is beginning to run out of steam…
The Economist discovers the Entrepreneur.
byIn its latest edition, in a piece entitled ‘Monetary policy: Tight, loose, irrelevant’, the ineffably dire Ekonomista considers the work of three members of…