An updated version of MA
byI have recently updated an “Austrian” measure of the UK money supply labelled MA. The Executive Summary is as follows: The 2008/09 financial crisis…
Economics
Is hyperinflation inevitable?
byOne of the major lessons of the financial crisis thus far should be that every bond constitutes credit risk – even those issued by…
Dr. Mark Pennington becomes Senior Fellow with TCC
byI am pleased to announce that Dr. Mark Pennington has just become a Senior Fellow with The Cobden Centre. Currently reader in public policy…
Steve Baker on the IMF
byI follow Steve Baker’s speeches in Hansard with interest, and there have been many good ones, but his recent discourse on the IMF stands…
A grand and sound marriage!
byTen years ago, I got into a lot of (understandable) trouble when in the middle of our wedding reception my wife found me giving…
The Fed giveth and the Fed taketh
byAlan Greenspan’s pronouncements used to be described as ‘Delphic’ because of their rarity and mystery of meaning. So his blunt attack on the monetary…
Homo oeconomicus and the monetary basis for a Big Society
byJesse Norman’s book on the Big Society, which I reviewed recently, caused me to reflect once again on Homo Oeconomicus, that totally un-human being,…
The consequences of the impending national bankruptcies
byI’m currently in Vienna. I’ve spent a lot of time here enjoying cups of coffee in peaceful cafes, and I think I understand the…
The UK is facing a sovereign debt crisis
byWhilst the international attention is all about the Greek crisis, last week’s report by the UK’s Office for National Statistics reveals our own country’s…
When it comes to the crunch, the private sector really does know best
byA response to David Mitchell I guess at the outset I should acknowledge one thing: most people don’t read David Mitchell to understand economics….