The final countdown
byGovernments have refused to accept the necessity of a period of economic re-adjustment following the credit-bubble. The bubble burst about five years ago and…
Economics
Incredible confusions, Part 2: Of interest and the dangerous habit of suppressing it
byThe idea that the charging of interest is unethical and should be banned has a long tradition in the history of human civilisation. It…
The errors of Keynes
byThe Austrian School of economics has provided the world with devastating critics of Keynes’s magnum opus The General Theory of Employment, Interest and Money (TGT) for…
The deflationary spiral bogey
byWhat is deflation? According to dictionary.com, it is “a fall in the general price level or a contraction of credit and available money.” Falling prices….
Cooperation breakdown
byThe evidence of a major breakdown in global economic and monetary cooperation continues to mount. Just yesterday, the G7 released a statement regarding foreign…
FreedomFest 2013, Las Vegas
byCobden Centre readers based in the US, along with those who fancy a visit, are invited to … FreedomFest, July 10-13, 2013: Just think…
The constant taking of the soft political option
by“On October 15, the mark’s rate against the pound passed 18 milliards. On October 21, after the mark had moved in three days from…
The best opportunity for the rehabilitation of Austrian economics
byIn a recent email, Sean Corrigan highlighted the following excerpt from Ludwig M. Lachmann‘s essay Austrian Economics in the Age of the Neo-Ricardian Counterrevolution….
Cyclical déjà vu
byThough it might seem a churlish observation to make amid so much barely-suppressed exuberance about the prospect for the markets in 2013, in many…
This is going to end badly
by“Our experts think that equity valuations now look attractive.” – From a Fidelity advertisement in the FT, 2 – 3 February 2013. You may…