At the ASI: Mervyn King and narrow banking
byVia Tom Clougherty at the Adam Smith Institute, Mervyn King and narrow banking: Ultimately, the problem with modern banks is that they do not operate…
Economics
Money supply versus money demand
byAccording to popular thinking, not every increase in the supply of money will have an effect on the production of goods. For instance, if…
Gold bug heaven on King World News
byWith the price of gold crashing through record highs most days of the week at the moment, I should imagine most gold bugs are…
The “Barbarous Relic” – It Is Not What You Think
byI am pleased to promote this monograph by James Turk, founder of GoldMoney: I am no fan of Keynesian economics. I find most Keynesian…
Jeff Tucker: Collection of Mises original papers discovered in London
byJeff Tucker talks about much that is interesting in the following video, but the best part (at 10 minutes) is when he tells the…
My Journey to Austrianism via the City
byI have spent the best part of the last two decades pitting my wits against the market. It’s an unforgiving game: I’ve seen ups and downs, and many of my rivals buried under an avalanche of hubris, passion, illogical thought and unchecked emotion.
I have witnessed the sheer folly of the ERM crisis, the Asian crisis, the failure of the Gods at Long Term Capital Management and the insanity of the tech boom.
I have enjoyed the ‘NICE’ decade (Non-Inflationary Constant Expansion), and scared myself silly during the credit crisis.
I am a trader. […]
If the cap fits …
byAs the ongoing rise in raw materials prices has been brought into sharper focus by the oil price spike occasioned by the Colonel’s little…
Tightening in China will be felt around the world
byEven though the Chinese authorities made no bones about the fact that they had conveniently ‘rebased’ their latest CPI numbers in order to mitigate…
Money is not working.
byA speech to the Policy Exchange on 31st March 2009 by Cobden Centre sponsor James Tyler. This article first appeared on hedgehedge.com but it…
Large changes in fiscal policy: taxes versus spending
byThis paper by Alberto Alesina and Silvia Ardagna provides very good empirical research to confirm that what we expect a priori: that deficit cutting…