Shrivelling Balls
byThings just aren’t working out for Ed Balls as Shadow Chancellor. Over the past year or so he has consistently pointed across the Atlantic…
Economics
Another Rubicon crossed
byAs the swarm of centrally-planned fiat currencies continue their relentless and accelerative march towards worthlessness, another major number was taken out this morning when…
Peter Schiff: S & P as always late to the Party!
byFrom what looks to be a remarkably pleasant location, Peter Schiff delivers his two cents on the S&P’s effective downgrading of the US government’s…
Why Not Every Credit Expansion is Good for Economic Growth
byIn their various statements, central bank policy makers have said that the key to economic growth is a smooth flow of credit. For them,…
Are Carswell and Baker Really So Wrong?
byAs reported by Gordon Kerr, the Independent Commission on Banking issued its Interim Report last Monday. The Commission’s mission is to propose structural and…
The Real Housewives of Wall Street
byThe Real Housewives of Wall Street – Matt Taibbi If you’re an American, this shouldn’t make you angry, it should make you incandescent with…
The Catholic church in the UK has come a long way from Salamanca
byIn October 2009, Toby and I attended the Ludwig von Mises Institute’s Supporters Summit in Salamanca, the birthplace of economic theory: One of the…
Remember: Real Bankers are Fiduciaries
byThe Interim Report on our banking system by Sir John Vickers was released on Monday. There is no mention in all of the report…
Detlev Schlichter: Don’t believe the hype! Why the ECB rate hike doesn’t mean anything.
byLet us establish some principles first. Central banks do indeed pose a risk to economic stability but not because their monetary policy is constantly…
Sound letter in Daily Telegraph
byIn today’s Daily Telegraph, there is a good letter on inflation, ‘quantitative easing’ and the Bank of England. Commenting on institutional processes in which…