Economics
Future of Artificial Intelligence Roundtable Discussions in the European Parliament
byLast month The Cobden Centre organised the Future of Artificial Intelligence roundtable discussions in the European Parliament. We had the IMF, United Nations, OECD,…
Chapter 5: Bubbles and Adam Smith.
byThis chapter explores how laws enabling debt to be bought and sold transformed Britain. Suddenly, vast quantities of money and value were being…
Does transparent monetary policy lead to economic stability?
byIn his various writings, the champion of the monetarist school, Milton Friedman, argued that there is a variable time lag between changes in money…
What They Don’t Want You to Know about Prices
byast week, in part I of this essay, we discussed why a central planner cannot know the right interest rate. Central planner’s macroeconomic aggregate measures like…
Central bank balance sheet reductions – will anyone follow the Fed?
byThe next wave of QE will be different, credit spreads will be controlled The Federal Reserve may continue to tighten but few other…
Who Knows the Right Interest Rate
byOn January 6, we wrote the Surest Way to Overthrow Capitalism. We said: “In a future article, we will expand on why these two statements…
Chapter 3: How Money Works Today: A Summary.
byThis chapter summarises how money works today. For convenience’s sake, there will be some repetition of material covered elsewhere. Founded on debt rented…
Sustainable government debt – an old idea refreshed
byNew research from the Peterson Institute suggests bond yields may fall once more Demographic forces and unfunded state liabilities point to an inevitable…
Outrageous fortune
by“Isn’t it funny when you walk into an investment firm and you see all of the financial advisers watching CNBC ? That gives me…