Fiat money: the root cause of our financial disaster
byA view from America, previously published at Forbes.com on August 15th Is it possible that the ghastly unemployment, stagnant growth (and possible double-dip recession),…
Economics
Financial markets still don’t get it
byApologies if the title of this Schlichter-file sounds somewhat arrogant but after the events of the past three weeks I may perhaps be forgiven…
If it’s broke, don’t fix it!
byThe only part of the so-called national wealth that actually enters into the collective possessions of modern peoples is their national debt. Hence, as…
Kevin Dowd to speak at Adam Smith Institute
byKevin Dowd to speak at Adam Smith Institute On the evening of Monday 12th September 2011, TCC Senior Fellow, Professor Kevin Dowd, is giving…
TCC Senior Fellow in today’s Wall Street Journal Europe
byToday is the fortieth anniversary of US President Richard Nixon closing the gold window and bringing in for the first time in history a…
The curse of Babel
byA very old and well known story is told in Genesis 11. It is the story of the curse of Babel: Now the whole…
Nowhere to run
byJames Tyler’s recent comments about the negative Swiss interbank rates reminded me of a discussion I had with a private-client lawyer in London yesterday….
Apparently the BBC is having a bit of an Austrian boom
byAs I understand it, BBC Radio 4 bosses liked the recent Keynes versus Hayek debate so much that they are now planning to repeat…
Where is the US stock market heading?
byA report from America, previously published at Mises.org On Monday, August 8, the S&P 500 stock-price index fell 6.7 percent to close at 1,119.46….
Implosion of fiat monetary system continues
byYesterday’s stop losses were triggered in the Euro Swiss LIBOR futures market. After briefly touching 100 on Tuesday (Interest rate futures are priced as…