Thoughts on the Greek crisis and the politicization of economics
byShould the Greeks have a referendum on whether they want to stay in the euro? Are the upcoming elections such a referendum? Would it…
The single income tax
byLast week saw the launch of the 2020 Tax Commission report on UK tax reform. It’s called “The single income tax” and can be…
End of the Road: How Money Became Worthless
byA new documentary has just been released about the ongoing financial crisis, and the cast list is a who’s who of Austrian economists and…
Frenzied spending caused a feeble recovery
byA view from America … Would you happily sign an IOU for $126,000 to allow Barack Obama to keep his Big Spender status going?…
The threat posed by free money
byAnother good article by Allister Heath for City A.M.: If you want proof that the global economy’s woes are increasing, as a result of…
The canary in the gold mine
byIn 2007 there appeared the first signs of serious trouble in the US subprime mortgage market. While US Treasury Secretary Paulson assured investors that…
Must-read
by“Working at my desk today was somewhat surreal. Global risk markets were closing out a dreadful week. Newswires were full of disconcerting articles –…
A Viennese waltz down Wall Street – Austrian economics for investors
byNext Tuesday our friend Mark Skousen will be delivering a lecture for the Adam Smith Institute, which may be of interest to Cobden Centre…
Currency collapse dynamics
byThe reason we accept paper money as a store of value is habit. This habit has its origins in history, when banks took our…
By abandoning the gold standard we embraced monetary central planning, chaos
byWith this essay I will try to reconcile two apparently conflicting perceptions of the key problems with our present monetary system. I will start…