Fed’s tightening and economic activity
byOn September 17-18 US central bank policy makers are likely to decide on the reduction in their monthly purchases of bonds by between $10…
In defence of ‘demand’ deposits
byI owe a debt of obligation to my fellow Cobdenites for kickstarting a debate about money and banking amongst the UK Austrian community. As…
The Yakiniku recovery
byReaders of The Cobden Centre blog may be interested in the recent report from Kaleidic Economics. It focuses on an analysis of Japan’s “lost…
The real Iron Law of Wages
byOne of the oldest fallacies in economics is that the amount of work done should be reflected in the amount of pecuniary reward received…
Goodbye Detlev – for now
byWriting on his website, Detlev Schlichter has announced his exit from the sphere of ideas and writing: This is the final blog entry in…
Detlev’s final blog
byThis is the final blog entry in the ‘Schlichter Files’. Pretty soon, DetlevSchlichter.com will be taken offline. I would like to take this opportunity…
Sound money for Europe
byYou can be sure that most of my colleagues in the European Parliament do not embrace the concept of the free market. Day after…
Can quantitative easing lift economic growth?
bySome commentators such as Mohamed El-Erian, the chief executive officer of Pacific Investment Management (PIMCO), are of the view that the Federal Reserve’s policy…
Markets reject ‘forward guidance’ – for good reason
byThe British media is obsessed with Mark Carney, the new boss at the Bank of England, who, this week, made his first public appearance…
That savings glut vs. those low interest rates
byFive years after the worst financial crisis since the Great Depression, economists are still starkly divided as to its causes. Perhaps this is not…