Libor pains
by“It was when Nick Clegg joined the campaign against Bob Diamond that I started to feel a sliver of sympathy for the now former-boss…
Two themes and a variation
byAround the start of the year, in the course of a routine set of market overviews which we have to set out twice a…
Fraud
byThis is a documentary that is long overdue, written from the perspective of the Austrian School. These are the economists of Business Cycle Theory…
Fight the fiat
byA view from America … The economic crisis we endure today is only the latest chapter in the century-long struggle to restore financial order…
Inflationary expectations and US economic recovery
byOn July 3 2012 The Economist raised the issue of whether the Fed can do more to support the US economy given the fact…
Central banks: running out of ideas, road
byOn page two of today’s Wall Street Journal Europe you will find the result of a readers’ poll from last Friday; Question: will the…
Maybe now they will start listening to Steve Baker…
byNow that we are being engulfed by the LIBOR scandal and find that the Bank of England was heavily involved (shock horror), perhaps it…
Kohlruebenwinter for Coventry, Cologne, Caritiba & Canton
byLast week it was announced that Beijing was reversing an earlier decision to allow local governments to issue their own bonds, causing eyebrows to…
LIBOR fixing implicates government as well
byThe LIBOR scandal has been hogging headlines of late, with questions raised again about the extent to which big banks are now a law…
Germany’s economy is only king in the blind valley of the eurozone
byIn the present debate on the Euro crisis, Germany is frequently portrayed as a model of economic strength, a beacon of fiscal prudence and…