The relationship between money and prices
byThe quantity theory of money and its accompanying equation of exchange are generally accepted as defining the relationship between money and prices. The equation…
Ask Vince Cable
byDear Vince Cable, I am CEO of an Anglo-Saxon business combine that has sadly always missed its forecasts. We operate across multiple sectors, notably…
Shock news just in! – Western central bankers have just discovered how to rescue us all
byStop all the Bloomberg feeds, cut off all the cell phones, prevent the press from thinking with a juicy story about the failed politician’s…
Reforming fractional reserve banking
byThis article was included as an expert submission to Ron Paul’s Monetary Policy Anthology. “When you’re one step ahead of the crowd you’re a genius….
Who benefits from the Fed?
byWe recently looked at the Federal Reserve’s 2012 results. In particular, we pointed to some positive and negative developments. On a positive note, the Fed managed…
Them was rotten days
bySir, Robert Skidelsky and Marcus Miller (Letters, February 27) consider that the Nobel Prize winner Friedrich Hayek offered a “counsel of despair” in the…
A detailed look at Bank of England gold
byThe London Bullion Market is the global trading centre for physical gold, and the Bank of England holds gold on behalf of other central…
End of empire
by“He was a portly, middle-aged figure in an ill-fitted suit, scuffed black shoes, and the sort of sagging thin black socks I came to…
Women in Palestine and Israel must take centre stage
byRecently, in the offices of the Mayor of the city of Nablus, Palestine, the missing pieces that would permit a just and lasting peace…
Central Bank Revolution I: market monetarism misdiagnosis (M3)
byTo begin to understand how central banks intend to reignite economic growth we have to understand that central bankers believe that changes in the…