Did Bernanke prevent another Great Depression?
byIn a lecture given at the George Washington University on March 27, 2012 the Chairman of the Fed said that the US central bank’s…
Economics
Problem solving
by“FTSE 100 could hit 7,000 if the Bank of England prints more money” – Telegraph headline implicating Legal & General’s Ben Gill as the…
America at the financial crossroads
byAmerica must now take one of two divergent roads. First, America may persist on the road of soft indulgence afforded by the unstable dollar’s…
Money matters
bySeveral months ago, when we were trying to summarise our best guess as to the shape of the coming year, we had to attach…
Jim Grant on the Federal Reserve
byVia ZeroHedge, we discovered a must-read article by Jim Grant, published in the March 23rd edition of Grant’s Interest Rate Observer (Vol 30, No…
Savings, investment, and the Keynesian preference
byNeo-classical economists underestimate the importance of the link between savings and investment. The two should be regarded as linked together: you need savings to…
PoliticsHome dialogue on QE
byPoliticsHome have published an email exchange between Steve Baker and Austin Mitchell, Labour MP for Great Grimsby: The controversial strategy of increasing the money…
Cameron, Nasim Taleb and cutting debt
byNasim Nicholas Taleb, author of the bestselling book The Black Swan, has been a favourite philosopher and financial commentator of ours for some time….
Romney v. Obama: the 2012 race may hinge on the Fed
byA view from America … Mitt Romney is the favorite to win the Republican nomination for president. If nominated, the campaign against Obama may…
Shadowlands
byThe fallacy [that the Bank cannot overissue money] lies in not distinguishing between an advance of capital to Merchants and an additional supply of…