Changes in government deposits and money supply
byThe US debt ceiling suspension, signed in February 2018, expires at the beginning of March this year. Some commentators are of the view…
Capital Flows – is a reckoning nigh?
byBorrowing in Euros continues to rise even as the rate of US borrowing slows The BIS has identified an Expansionary Lower Bound for…
Don’t be so negative
by“FED’S WILLIAMS SAYS IN A DOWNTURN WE COULD CONSIDER QUANTITATIVE EASING, NEGATIVE RATES.” Tweet by Reuters’ Jennifer Ablan, reporting on a speech by…
Importance of model building in economics
byIn the natural sciences, a laboratory experiment can isolate various elements and their movements. There is no equivalent in the discipline of economics….
“The Lessons of Economic History” in the European Parliament
byLast month I organised the event “The Lessons of Economic History” in the European Parliament. It was kindly hosted by Professor Joachim Starbatty MEP,…
Tax cuts without reducing government outlays is not possible
byAccording to many economic experts and commentators, an effective way to generate economic growth is through the lowering of taxes. The lowering of…
Flying Pigs
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Future of Artificial Intelligence Roundtable Discussions in the European Parliament
byLast month The Cobden Centre organised the Future of Artificial Intelligence roundtable discussions in the European Parliament. We had the IMF, United Nations, OECD,…
Chapter 5: Bubbles and Adam Smith.
byThis chapter explores how laws enabling debt to be bought and sold transformed Britain. Suddenly, vast quantities of money and value were being…
Does transparent monetary policy lead to economic stability?
byIn his various writings, the champion of the monetarist school, Milton Friedman, argued that there is a variable time lag between changes in money…