“The State is a severe mother”
From Lord Welby’s preface to The Political Writings of Richard Cobden, 1903 (PDF): The State is a severe mother. She demands from her noblest…
Razeen Sally, “Trade Policy, New Century”
Razeen Sally’s Trade Policy, New Century (PDF) succeeds magnificently in explaining the 21st-century case for free trade and, specifically, unilateral trade liberalisation to the…
Thrifty families accused of prolonging the recession – Times Online
Via Thrifty families accused of prolonging the recession – Times Online, yet more crass Keynesianism: Anxious families are repaying debts instead of spending in…
The Adam Smith Institute: A Beginner’s Guide to Liberty
Via The Adam Smith Institute, A Beginner’s Guide to Liberty is now available, edited by Cobden Centre Senior Fellow Dr. Richard Wellings with contributions from…
Don’t Blame the Federal Reserve – Stephen Mauzy – Mises Institute
Via Don’t Blame the Federal Reserve – Stephen Mauzy – Mises Institute: Banks operate under a fractional-reserve system that allows them to create liabilities and…
Cheques are to be abolished – Telegraph
Via Cheques are to be abolished – Telegraph: The Payments Council Board has agreed to set a target date of 31st October 2018 to…
There’s only one escape from our debt trap – Telegraph
Via Edmund Conway at The Telegraph we learn that the debt today cannot be inflated away: In fact, around four fifths of the state’s debt…
Fed signals pullback in liquidity supports
Via FT.com / US / Economy & Fed – Fed signals pullback in liquidity supports, we learn: The Federal Reserve on Wednesday upgraded its…
What is wrong with banking, part 1: the legal nature of banking contracts
This article gives a summary of the legal nature of banking contracts as presented by Jesús Huerta de Soto in Money, Bank Credit and…
Labour’s dishonesty is leading us down the road to sovereign default – Telegraph
Via Labour’s dishonesty is leading us down the road to sovereign default, Liam Halligan launches a scathing attack on Alistair Darling, Gordon Brown and…