The General Treaty for Renunciation of War as an Instrument of National Policy remains in force
byThe 1928 Kellogg–Briand Pact, officially the General Treaty for Renunciation of War as an Instrument of National Policy, is a simple read. It’s so…
Keynes and Copernicus: the debasement of money overthrows the social order and governments
byThe United States Senate moves toward the confirmation of Janet Yellen, now posited for next January 6th, as chair of the Federal Reserve System….
Liberty.me
byJeffery Tucker is a man of great many talents, energy and vision. He has set up an online pro-liberty community: Liberty.me. This will be one for…
The Fright Before Christmas, revisited
by“One good thing about Christmas shopping – it toughens you up for the January sales.” – Grace Kriley. We first published the following doggerel…
Tapering – join the dots and end up with ZIRP
byNow we know: The Fed is going to purchase $75bn of assets, a reduction of $10bn a month. The two other bits of information…
The Fed celebrates its 100th birthday
byCobden Centre fellow John Phelan has written an article for US edition of the Wall Street Journal – The Fed Celebrates Its 100th Birthday…
No zero bound on reason
byFive years and more since the successive collapse of the pillars of the American financial system ushered in our present dire ‘unorthodoxy’, it should…
Value versus momentum and the gold price
byFor many commentators there are two distinct camps in the gold market: investors in bullion and speculators in the paper market. With the two…
Currency war means currency suicide
byWhat the media calls a “currency war,” whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide.” National…
There is too little gold in the West
byWestern central banks have tried to shake off the constraints of gold for a long time, which has created enormous difficulties for them. They…