The money supply continues to contract
byRegular readers will know that The Cobden Centre’s sister roundtable – Kaleidic Economics – is engaged in measuring the MA measure of the money…
Economics
Why do bankers earn so much money?
byI was asked recently why it is that market forces do not push down the wages of the top earners in financial services. The…
Why the EFSF will fail
byHow The EFSF Works: The European Financial Stability Facility (EFSF) was set up in order to provide relief to countries that are in difficulties….
A new golden age
by“The designers of the good ship euro wanted to create the greatest liner of the age. But as everybody now knows, it was fit…
The bubble in government bonds is finally bursting
by“The government can always pay.” This is a statement that has no basis in fact. Any rational analysis will quickly expose it to be…
The myth of contagion is catching
byTalks of contagion risk, despite having a brief respite earlier this year, are back stronger than ever. With Italy dominating the news, the new…
20 years since India’s economic reforms
byIndia in the last 20 years has started to reverse the Keynesian-inspired planning that clouded its growth since independence. A large part of this…
The two-edged stimulus Britain can’t afford
byBritain’s economy is on the brink of recession after barely growing in the last year and it faces acute risks from the debt crisis…
The Four Horsemen
byJan Skoyles recently brought our attention to an upcoming documentary called The Four Horsemen, which promises that 23 people will “break their silence and…
How optimal is the eurozone: Part II
byI recently wrote about the inconsistency of the economic arguments for the formation of the Eurozone. The conclusion that the euro was oversold at…