Central bankers and politicians are running out of ideas
byMy father, who at one time was an education minister in the Kenyan government, used to tell a story of a long-forgotten crisis when…
Has US monetary policy reached a dead end?
byIn his various speeches and comments the Chairman of the Federal Reserve Ben Bernanke has given the impression that the central bank’s monetary policy…
Here be Draghis
byIn an impassioned article carried in the FAZ last week, Otmar Issing bewailed the ongoing ‘Crisis and Leviathan’ push towards a greater centralization of…
Brian Micklethwait on propaganda
byIn this podcast, Brian and I discuss the difficulties in making the case for Austrian economics, the difficulties in reading the case for Austrian…
Draghi: ECB to counter ‘unfounded fears’ with unlimited cash
byYesterday, the ECB pronounced itself the official lender-of-last resort to all Euro-Zone governments. To assure that the state can always borrow at conveniently low…
Great diagnosis of credit bubble, not so sure about the cure
byYet another book bemoaning the credit binge – and wondering what to do about it – has hit my desk. Richard Duncan’s effort, The…
Alasdair Macleod interviews Bob Murphy
byGoldMoney have released a recent podcast where I interview Bob Murphy, who is a leading economist of the Austrian school. At the outset, I…
The resource cost of a gold standard
byWe are currently incurring costs akin to having a gold standard – in that we are using gold for monetary purposes, as an inflation…
U.S. Republicans introduce gold standard debate – mainstream media go mental
byI am not holding my breath over the Republicans’ plans for another gold commission to investigate the possibility of returning the USA to a…
The gold price and the exponential growth of our problems
byTwo Bloomberg correspondents reported on August 8 that the US Government’s unfunded liabilities rose by $11 trillion last year, “ten times larger than the…