The pathology of central bankers
byIn an Amphora Report published in 2010 I posed the then-provocative question, “Has the Fed become pathological?” Well, time moves on, another iteration of…
Economics
Communist approval for western central banking
by Toby BaxendaleI received an interesting email recently from a distinguished colleague in Spain. He was looking at the Central Bank of Cuba’s website where they…
The greatest trick
by Tim Price“I believe in an America where millions of Americans believe in an America that’s the America millions of Americans believe in. That’s the America…
The fallacy of nominal GDP targeting
by Detlev SchlichterIn a truly remarkable piece for the Financial Times yesterday, Wolfgang Münchau took another swipe at the Euro-sceptic and ECB-critical community in Germany, which he accuses…
Money out of thin air, mystical and dreamlike
by Ralph Benko“Indeed, the fact that central banks can create money out of thin air, so to speak, is something that many observers are likely to…
Animal spirits
by Alasdair MacleodThe BBC is running a three-part series on notable economists, starting with Keynes. There were a number of errors made, but I shall ignore…
The cruel fiction of state power
by Steve BakerA speech on the morality of taxation … Dr Eamonn Butler, a doctor of moral philosophy, provides 17 moral arguments against taxation in the report of…
Classical liberalism in the Liberal party since 1886
by Stephen DaviesThe final death of classical liberalism as a force or element within the Liberal Party has been announced many times over the last hundred…
Richard Cobden’s achievements
by John Phelan“We are on the eve of great changes” Richard Cobden told Parliament in February 1846. He was correct. Britain stood poised to embark on…
The blind archer
by Sean CorriganFinally, the great day has come and gone when the Fed would once again ride to the action, not daring to be left behind…