The essence of inflation
The popular definition cannot explain why inflation is bad According to the popular way of thinking, inflation is defined as a general increase…
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To make banks strong, do away with the regulator
As the UK economy enters the COVID-19 downturn, the Bank of England (BoE) continues to maintain that the UK banks are strongly capitalised. The…
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An “Austrian” Agenda for Post-Coronavirus Recovery
Everyone is hoping for the light at the end of the tunnel with the coronavirus crisis. There are few who are not exhausted with…
Read MoreLockdowns and the economy
The imposition of lockdowns to counter the spread of the infection from the coronavirus is likely to severely damage the real economy. As…
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The destructive force of bank credit
Commentators routinely confuse the deflationary effects of a contraction of bank credit with the inflationary effects of central bank policies designed to offset it….
Read MoreCost cutting and economic growth
Some commentators regard cost cutting by companies in order to secure profits as a major threat to the economy. They hold that if…
Read MoreThe Global Economy Won’t Bounce Back Soon
In February, the general consensus between large investment banks and supranational entities was that there would be a one-time hit to GDP in the…
Read MoreThe questionable role of quantitative methods in economics
Most economists consider the use of sophisticated mathematical and statistical methods key towards understanding the complexities of economics. They are of the view that…
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Government budget deficit and economic growth
The US budget had a deficit of $32.6 billion in January compared with a deficit of $13.3 billion in December and a surplus…
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Prof. Huerta de Soto’s seminal course in the Austrian School translated into English
Prof. Huerta de Soto would like to dedicate his university lectures to all the members, followers and friends of the Cobden Centre. These lectures…
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