No Mt Rushmore for today’s interventionists
bySince the Great Financial Crisis started (in truth, since well before), we have unwaveringly maintained three main tenets in relation to how one should…
Economics
Quantitative easing: when there’s nowhere left to run
by Alasdair MacleodOver the last few weeks there has been a growing realisation that the weaker members of the eurozone are caught in debt traps. When…
The Magicians at the Bank of England (with close support from No 10 & 11 Downing Street)
by Toby BaxendaleWho made this very sound statement two years ago in relation to QE I? The last resort of desperate governments when all other policies…
WSJ: Europe and its money
by Dr Tim EvansThis editorial in the Wall Street Journal provides an excellent introductory comment to the European debt crisis now underway: The German Bundestag voted last…
Greece: deflate or default
by David HowdenThe original worry was whether Greece would default. Then it became a question whether it should it default. Now it is a question of…
Daniel Hannan on our money-printing masters
by Toby BaxendaleAs we feared, the wise men at the Bank of England have decided that what our ailing economy needs is another dose of QE….
Do nothing: a positive proposal for recovery
by Toby BaxendaleIt was recently pointed out to me that certain free market orientated friends dislike policies that fail to restore immediate growth: Basic economic theory…
Gold “bubble” bursting? – I don’t think so
by Detlev SchlichterPreviously published at Paper Money Collapse on Wednesday, 4 October. In today’s Financial Times Mark Williams argues that the recent correction in gold means…
Credit easing – expect more fruitless searches for sponges in the Aegean Sea
by Gordon KerrThe UK government recently announced a “credit easing” plan. According to a junior minister the rationale is: Small businesses (SMEs) are unable to borrow…
CNBC: Corrigan discusses EFSF increase
by Dr Tim EvansIn his latest appearance on CNBC, Sean Corrigan discusses the EFSF increase and the upcoming stealth bailout of european banks.