Ostriches at the IASB
byIn an article for the FT on the 5th of February, highlighted by Steve Baker in a recent speech, Lord Lawson wrote: The auditing…
Can the Fed grow the economy?
byA fall in the unemployment rate to 8.3% in January from 8.5% in the month before has prompted many commentators to suggest that the…
Katastrophenhausse
byMainstream economists seem to have a problem understanding prices. They might draw supply and demand curves and talk about elasticity. They are sure to…
The business cycle throws the GOP a curveball
byA view from America … 243,000 new jobs? This is more than respectable. No unseemly disparagement by Republicans welcome, nor victory lap by Democrats. …
Stop the (printing) press
by“FRED GOODWIN. Have the last laugh by donating a couple of million to the Tory party and receiving a life peerage.” – From the…
Pensions and fiscal reform
byEuropean countries offer a variety of pension schemes. For our purposes here, I want to draw attention to the variety of public participation rates…
Pennies drop as the conversation shifts
byAt the end of January, TCC Senior Fellow Detlev Schlichter spoke at an Adam Smith Institute seminar called ‘Monetary Reform and the Eurozone Crisis’….
There will be no end to ‘quantitative easing’
byThe Bank of England is expected today to announce another round of debt monetization, called ‘quantitative easing’. A majority of economists polled by Dow…
What the classical economists knew and the moderns have forgotten – part 4
byHazlitt referred to the great economist Benjamin M. Anderson in the same breath as Mises when saying that both of them had already penned…
Speech on the Financial Services Bill
byUnder the heading, Osborne looks to limit damage of ‘credit busts’, the FT gives a neat summary of the Chancellor’s plans. In particular: He…