Missing the target
byThis article is the sixth in a nine-part series on credit. The other great class of credit whose extinction is not to be trembled…
Economics
South Carolina, the Presidential nomination and gold
by Ralph BenkoA view from America … Published yesterday at RealClearMarkets, as South Carolina’s voters went to the polls. Two candidates – Newt Gingrich and Ron…
Jonathan Meades, the intellectuals’ Stephen Fry?
by Dr Tim EvansI have heard it said that Stephen Fry is what stupid people think a clever person should be like. This sounds pretty unfair to…
A merry dance
by Sean CorriganAs I argued in yesterday’s article, disruptions caused by an artificial excess of credit will squeeze margins and lead inevitably to the demand for…
Passing the baton
by Sean CorriganIn my previous article I explored the disco-ordinating effects of unnatural interest rates. Let us go back for a moment to construct a simplified…
Mainstream support for accounting reform
by Gordon KerrThe Guardian: Bank of England official calls for bespoke accounting standards for banks The Telegraph: New bank accounting rules needed to avoid another crisis,…
All spent out
by Sean CorriganWhile the examples from my previous article may well complete our bestiary of what does and does not constitute inflationary credit formation, what we…
Out of Mises’s frying pan
by Sean CorriganI concluded yesterday’s article with a note of caution: we should strictly talk here of such a swollen, but partly immobilized supply of money…
Save Our Savers
by Dr Tim EvansAs anyone who is familiar with The Cobden Centre will know, we are hugely critical of politicised monetary regimes, the Sovietised machinations of central…
To QE or not to QE?
by Anthony J. EvansI was recently quoted in Management Today with some thoughts on current monetary policy: The Bank of England’s policy rate has been historically low…