Global warming: the new Malthusian scare
byI was kindly sent a copy of Lord Lawson’s book “An Appeal to Reason: A Cool Look at Global Warming”. When I was 16,…
Economics
QE2, markets and your strategic plan
byQE2, Markets and Your Strategic Plan The growth of money/credit during QE1 and QE2 had discernible effects on stock prices, credit spreads, commodity prices…
Farewell, QEII. Lusitania, ahoy!
byThere has been a great deal of misplaced commentary about how the presence of some $1.6 trillion in commercial banking deposits with the Fed…
The Anatomy of the New Politics
byThe Big Society – The Anatomy of the New Politics The University of Buckingham Press, 2010, Jessie Norman MP Occasionally a book comes along…
The inconvenient truth about sovereign debt
byThe efforts of our political leaders to socialize the fallout from the financial crisis by means of the balance sheets of the government and…
Sound money is a matter of social justice
byFor such a pervasive term, ‘social justice’ is a notoriously tricky concept to quantify. Karl Marx’s notion of social justice was, famously, “From each…
To be an Austrian
byFor those of you who may be wondering what all the fuss is about when we talk about being ‘Austrian’, here’s something I wrote…
Unemployment and economic recovery
byAt the International Monetary Conference in Atlanta June 7, 2011 the Fed Chairman Ben Bernanke said, As is often the case, the ability and…
The vale of tears
byMarkets were briefly cheered earlier in the week by news that the Chinese government was planning to relieve its banks of up to $450…
Knowledge problems vs. incentive problems in the financial crisis
byAs one of the few Austrian economists in the UK, I’ve become somewhat frustrated by the lack of attention to knowledge processes when talking…