LIBOR fixing implicates government as well
byThe LIBOR scandal has been hogging headlines of late, with questions raised again about the extent to which big banks are now a law…
Economics
Germany’s economy is only king in the blind valley of the eurozone
byIn the present debate on the Euro crisis, Germany is frequently portrayed as a model of economic strength, a beacon of fiscal prudence and…
Is the Serengeti socialist?
byI often hear the free market being compared to the dangerous African plains, with predators waiting to spoil your every endeavour and rob you…
Destroying the young with permanent bailouts
byWhy aren’t young people protesting against bailouts? Younger adults are usually pretty quick to protest injustices, but they’re strangely quiet on financial rescues. Few…
Eyes wide shut
byOur friend and Advisory Board member Ben Davies of Hinde Capital has produced a two-part report entitled Eyes Wide Shut covering the state of…
Gold reentering the monetary system
byEarly in 2011, the London Bullion Market Association began to push for gold to be recognised by the Basel Committee on Banking Supervision as…
Two simple steps to transform the culture of banking and to forestall the next outrage
byIt’s time to privatise commercial risk in banking and insist on prudent accounts. Government should: Eliminate moral hazard from the financial system by implementing…
Steve Baker on the Libor scandal and directors’ liability
byTCC Board Member, Steve Baker MP, has been on the front line this week trying to bring his sound economic judgement to bear on…
Why Nations Fail
byWhy Nations Fail is the title of the lavishly praised recent book by two academics: Daron Acemoglu (MIT) and James Robinson (Harvard). It is…
The danger of external debts
byEconomists and journalists often point to the danger of external public debts — in contrast to internal debts, which are regarded as less troublesome….