Did QE work?
I think this is a complicated question to answer, and both sides of the debate have a tendency to over simplify. If we understand…
Monetary policy is not all about pulling levers
My latest article for City A.M. I’M A big fan of the Bank of England museum. I find the way it attempts to educate…
Money supply down 4.3% in August
When we updated MA (our Austrian school measure of the money supply) for August, we expected to see signs of the market turbulence that…
New columns in City AM
Those of you who work in London may have noticed the new “Forum” section of City AM, the free daily newspaper. Cobden Center Advisory…
Jamie Whyte discusses QE on Radio 4
The Cobden Centre’s Jamie Whyte appeared on BBC Radio 4 yesterday morning to discuss the prospect of further quantitative easing in the US and…
June 2011 MA falls by 5.1%
Last month I reported on a revised version of MA – an “Austrian” measure of the money supply – which suggested that the UK…
An updated version of MA
I have recently updated an “Austrian” measure of the UK money supply labelled MA. The Executive Summary is as follows: The 2008/09 financial crisis…
Knowledge problems vs. incentive problems in the financial crisis
As one of the few Austrian economists in the UK, I’ve become somewhat frustrated by the lack of attention to knowledge processes when talking…
Selgin on the history of 100% reserve banks
George Selgin is well known for having conducted detailed empirical work on the history and emergence of free banking. Most of his contributions have…
How much EU debt can be written off through cross cancellation?
Consider this diagram showing the billions of euros that each of 8 EU countries owes the other. Whilst the numbers are far from perfect,…