Financial regulators and the free market
byAdam Smith’s great insight was that in a commercial transaction both parties benefit. Before his time, it was generally believed that in an exchange…
On double-dip recession, Tullett Prebon rightly ask “What’s the big idea?”
byThe latest strategy note from Tullet Prebon asks, “What’s the big idea?” with the subtitle “the imperative need for a new ideology”, writing: Effective…
A plea for sanity
byAn article by Professor Lew Spellman has caught the attention of the sharp-eyed, and may indeed be important. Spellman, who in the past has…
Party on! (or not)
by“The sea’s freezing. A man won’t last long in that. We’ve drawn a bad hand this time.” “I’ve never been a good loser. I…
Is there no escape from the euro?
byAs I discussed recently, the costs and risks of maintaining the eurozone system are already immense and rising. So is an exit possible? Intuitively,…
Austrian economics in Shanghai
byExtraordinary things are happening in China, as we know. On the liberty-loving front, we can report a really interesting and path-breaking conference organised by…
Why gold is my favourite asset
byI hate to give personal investment advice. So please do me a favour and do not treat the following as investment advice. I am…
The paradox of choice
byHere is a puzzle for Keynesian and other neo-classical economists. When a consumer buys something, he must choose; and if he increases his purchase…
The Laissez Faire Club
byA significant new development in the libertarian world … Laissez Faire Books Launches the Laissez Faire Club by Geoffrey Allan Plauché on April 20,…
It’s about the law, Senator!
by“No presidential aspirant has ever had such an exotic financial portfolio,” suggested US Senator Dick Durbin recently in reference to reports that US presidential…