Happy New Year from The Cobden Centre!
by2015 is already looking like a good year for those who believe that liberty is the fountainhead of human progress…
Economics
The Real Fed Tug Of War: the Yellen Doctrine vs. the Volcker Doctrine
byThe financial markets are on a hair trigger as to when, and how quickly, the Fed will tighten and raise interest rates. Billions of…
The False Promises Of Two Percent Price Inflation
byA specter is haunting the world, the specter of two percent inflationism. Whether pronounced by the U.S. Federal Reserve or the European Central Bank,…
“We hate you guys but there is nothing much we can do”
by“Except for US Treasuries, what can you hold ? US Treasuries are the safe haven. For everyone, including China, it is the only option…..
Budget deficit and economic growth
bySome economists such as Nobel Laureate Paul Krugman hold that during an economic slump it is the duty of the government to run large…
The Case For Monetary Freedom And Free Banking
byThere has been no greater threat to life, liberty, and property throughout the ages than government. Even the most violent and brutal private individuals…
Red alert: financial markets facing possible derivatives crisis (again!)
byThere is a significant risk that the financial effects of the collapse in the oil price could spread through the financial system. Already there…
Models, Damn Models and Statistics, or Math Gone Mad
byParliamentary committees are not especially noted for entertainment, but the November Treasury Select Committee hearing on the Bank of England’s Inflation Report is a…
We seem to have miscalculated
by“What will futurity make of the Ph.D. standard ? Likely, it will be even more baffled than we are. Imagine trying to explain the…
Commodities and the dollar
byEach commodity market has its own story to tell: oil prices are falling because OPEC can’t agree production cuts, steel faces a glut from…