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…
It’s hard to account for flaws in the rule-book
byIn my latest City AM column I discuss Gordon Kerr’s recent book, which points to the role of accounting regulations in the obfuscation of…
What the classical economists knew and the moderns have forgotten – part 3
byToday we reproduce a wonderful essay written by Ludwig von Mises for the Oct 30th 1950 edition of The Freeman, and subsequently published in…
What does a credit rating mean?
byCredit ratings agencies have come under fire for not being proactive enough in recognizing bad sovereign risks. Even if the ratings agencies were a…
2012 outlook
byThis time last year, while still bullish out of regard for the effects of the Fed’s latest burst of monetary pharmacology, we had begun…