Operation Twisted Logic – Why the Fed is the problem, not the solution
byI wrote the following essay yesterday for TheStreet.com. Yesterday the U.S. Federal Reserve delivered no real surprises. Its new policy was expected by the…
Menger, Mises and gold
byA view from Vienna … The (financial) world is currently long in questions but short in answers. We believe that gold is still one…
Why easy fiscal and monetary policies make things worse
byMost experts are of the view that still-subdued economic activity requires a more aggressive stance from policy makers in order to revive the economy….
Chinese money creation: why the Chinese central bank’s reserve position is no defence.
byI have heard it said many times that China’s economy is likely to be resilient as it is sitting on huge foreign exchange reserves….
How deposit insurance reduces financial stability
byAndrew Lilico has written a great article for The Telegraph on the dangers of deposit insurance: In a classic 2005 paper from the highly…
No strategic Eurobank will be allowed to fail
byTaking a quick run through eight of the Eurozone’s larger banks before the rebound into the weekend, we could see that they had a…
Literae humaniores
byTB: Tim Price is a fund manager who has a very good grasp of economics and certainly is Austrian-aware and supportive. Like many who…
A Band-Aid for a cancer patient
byThis was another hectic week for financial markets, and nerves were calmed somewhat over the past 24 hours with another liquidity injection from the…
TCC’s Kevin Dowd on ‘The Decapitalization of the West’
byTCC Senior Fellow Professor Kevin Dowd recently gave a brilliant and must watch talk at the Adam Smith Institute. Very kind with his remarks…
And now for something completely different
byIn these days of economic doom and gloom I think it is time for me to try and raise a lighthearted chuckle amongst our…