The morality of money
byOn Wednesday, Radio 4 hosted a discussion about the morality of money. One of our senior fellows, Jamie Whyte (previously seen flying the flag…
Your D.I.Y. eurozone bulletin
by“Sir, A brief word of praise for the cool head of Mariano Rajoy. As the Spanish bank bailout reached its climax over the weekend,…
What is the endgame?
byIf we step back from everything that is going on in the U.S., and in Greece and Europe, one can say that the endgame…
Time and Money
byRoger W Garrison’s Time and Money: The Macroeconomics of Capital Structure bursts with insight but this from the final chapter could be the missing link…
The end of the beginning
byAn investor’s view of the eurozone crisis We need more Europe. We don’t only need monetary union, we also need a so-called fiscal union….
Push for European integration is politics, not economics
byThroughout the European debt crises, Germany and its allies in the austerity camp have been urged by financial commentators, particularly in the United Kingdom…
How to fix financial services regulation
byAs I was reading of yet another spectacular mismatch between bank managers’ competence and their remuneration, and this time at JP Morgan no less,…
Prozac-craving markets
byIn my view, there is no escaping the fact that things are not getting better. If anything, they are getting worse. Following the large…
A modest proposal
byA gold sovereign coin is within the UK tax authority’s definition of investment gold. But would a new one pass the tests of fairness…
The most insidious effects of fractional reserve banking
byThis article was previously published as an addendum to a longer piece on 19 November 2010. The most insidious of all of the unintended…