The injustice of easy money is going mainstream
The Daily Mail reports Interest rates: How keeping them at a record low is a deliberate government ploy to pay off its debts: A stealth…
Read More
Mark Carney’s grand experiment began today
I was grateful to the BBC World at One programme for giving me the opportunity today to comment on Mark Carney’s first Inflation Report….
Read More
Bank reform demands monetary reform – an essay for Banking 2020
This article was published yesterday at stevebaker.info. Today sees the return of the Financial Services (Banking Reform) Bill to Parliament. It does not do enough. In…
Read More
Confessions of a central bank official (two in fact and one to come)
City A.M. reports today Dovish Carney stuns markets: EQUITY markets jumped yesterday after the Bank of England shocked investors by indicating that rates would…
Read MoreHaldane: bond bubble is the biggest threat to financial stability
Via City A.M., Bank official: Bond bubble is the biggest threat to financial stability | City A.M.. OUTSPOKEN Bank of England official Andrew Haldane warned…
Read MoreThe woman who changed the world has passed away
I learned this afternoon with considerable sadness of the passing of Baroness Thatcher. I cannot say I knew her — I was 19 when…
Read MoreMonetary activism must end in a slump
On Friday, I spoke against monetary activism once again, complaining about the use of expectation management and new monetary instruments in an attempt to…
Read MoreThe madness of contemporary economists
The Bank of England is considering negative interest rates to “stimulate” the economy, together with more QE. It’s one thing to pay a bank…
Read MoreIf the Treasury Committee rejects the new Governor, the House must have a binding say
I’m not excited about the appointment of a new Governor of the Bank of England. The money power is one too pervasive and too dreadful…
Read MoreThe cruel fiction of state power
A speech on the morality of taxation … Dr Eamonn Butler, a doctor of moral philosophy, provides 17 moral arguments against taxation in the report of…
Read More