Money supply and the US dollar
byMoney growth differential puts pressure on the US$ At the end of September the price of the Euro in US$ terms closed at 1.357…
Economics
Halligan: QE now seen as an aggressive depreciation tool
byAnother superb article from Liam Halligan: While the US has doubled its monetary base over the last 18 months, the UK’s base money supply…
Unreconstructed Keynesianism is alive and well
byIn a recent video interview in the Daily Telegraph (October 7, 2010), Keynes’s biographer, the noted historian Professor Lord Skidelsky, gives us the benefits…
Why Do We Have to Argue the Case for Free Trade?
byI gave the following presentation at a fringe event during the Conservative conference in Birmingham. Human Co-operation and the Universal Division of Labour Adam…
Hugh Hendry: My $2 billion short on Japan
byHugh Hendry, of Eclectica Asset Management, has just visited Japan and what he found there was a booming economy. So why has he just…
Robin Griffiths: The Kondratiev economic winter is necessary
byRobin Griffiths, of Cazenove Capital, was predicting a double-dip recession a few weeks ago. Eric King had him on again at the weekend to…
Limited Purpose Banking?
byIn April, I reviewed Jimmy Stewart is Dead by Laurence Kotlikoff. Yesterday, Jerry O’Driscoll posted a review of his own: Chapter 1 of the…
Do banks mislead their customers?
byThis article is an attempt to encourage people to move away from making empirical assertions without any empirical evidence – to actually look at…
Ben Davies: The World Monetary Earthquake, The Dash From Cash
byBen Davies, of Hinde Capital, has written an excellent article about all of the fiat currency devaluations that have been going on recently around…
Ireland’s austerity programme was bogus
byI’ve written an article for The Telegraph about the Irish budgetary and financial crisis. Because Ireland’s state spending was so high, it mistakenly earned…