EU rescue costs start to threaten Germany itself – Telegraph
byThe escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of monetary union. via…
Exorbitant Privilege & Unlearned Lessons
byPace those who have made such a big deal out of Chairman Bernanke’s November 19th speech, but it is hard to find anything therein…
Learning the Wrong Lessons from Ireland
byAs the bailout of Ireland begins in earnest, many in the media are asking “What went wrong?”, and coming to some dubious answers. The…
Time to sort out mechanisms to wind up banks
byEurope is trapped in a cycle where debt is being passed round and round in circles – the banks are bust so the Irish…
More monetary policy advice from XtraNormal
byWith the success of the Quantitative Easing Explained video from XtraNormal, an entire cottage-industry seems to have sprung up in creating these kinds of…
Liam Halligan: Plucky Irish felled by the twisted, self-serving logic of the eurozone
byGiven his Irish name and ancestry, you might expect that Liam Halligan has a view on the events in Ireland over the last week…
Jeff Randall: Jailed counterfeiters aren’t a patch on the Bank of England
byThere is a superb article in the Telegraph, this morning, by Jeff Randall. Alas, with his work for Sky television, Mr Randall can only…
Doug French — Walk Away: The Rise and Fall of the Home-Ownership Myth
byDoug French, the President of the Ludwig von Mises Institute, has a new book just out, to follow Early Speculative Bubbles & Increases in…
Something for the weekend: Nasa scientists discover Fed branch at Galactic Core
byNasa scientists have discovered two enormous bubbles emanating from the galactic core. Each bubble is 25,000 light years across and has been created by…
Evidence to Independent Commission on Banking
byEvidence submitted to the Independent Commission on Banking, September 26, 2010 The Terms of Reference from HM Treasury to the Independent Commission on Banking…