First Ever Austrian School Event in European Parliament
I will write this up more fully soon – last week we had the first ever Austrian School event in the European Parliament. The…
Read MoreCentral Banking
The Fed Is Tightening More Than It Realizes
by Benn Steil and Benjamin Della Rocca at CFR https://www.cfr.org/blog/fed-tightening-more-it-realizes Before the 2008 collapse of Lehman Brothers, the Fed’s balance sheet stood at $925 billion—mostly U.S. Treasury securities. After…
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Caitlin Long on Blockchain and the Austrian School
What Can Kill a Useless Currency
There is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and…
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Event Announcement: The Future of Money – 10 years after Lehman and Nakamoto
I have the pleasure of speaking at the Future of Money Conference in Frankfurt next month on the 24th November. It should be a…
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The Credit Cycle Is On The Turn
We are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the…
Read MoreHong Kong and the road to recovery
We are following the road to perdition There is increasing awareness that another financial crisis is in the offing, and, of course, everyone has…
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Why the Fed Denied the Narrow Bank
It’s not every day that a clear example showing the horrors of central planning comes along—the doublethink, the distortions, and the perverse incentives. It’s…
Read MoreThe Fed and asset bubbles
In his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
Read MoreJohn Law – 300 years on
Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble,…
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