If the Treasury Committee rejects the new Governor, the House must have a binding say
byI’m not excited about the appointment of a new Governor of the Bank of England. The money power is one too pervasive and too dreadful…
Central Banking
“Fool’s Gold” Standards
byIn a recent Mises Daily, “A Golden Opportunity“, Patrick Barron and Godfrey Bloom make the case for Germany to withdraw from the monetary union combined with…
All power to the state! – money madness at the IMF
byYou cannot escape an all-pervasive sense of crisis these days. Impending doom does not only announce itself in actual events but also via the…
Pity the central banker
byIf central banking were a stock, you’d go short. Blue-chip mystique still clings to it but you can feel the reputational parabola slowly gathering…
Czech national bank vice governor Hampl on the Czech economy and the eurozone
byEarlier this week I interviewed Mr Hampl of the Czech National Bank. He made a number of interesting observations concerning his own country, the…
A central banker worth hearing?
byI’m not aware of any unconditional support for central banking as such around The Cobden Centre but, nevertheless, occasionally a central banker says something…
Did the savings glut or massive monetary expansion cause the boom and the bust?
byAmbrose Evans-Pritchard recently pinned the blame for the financial crisis on “Asia’s `Savings Glut’”. This idea is not new. For readers who may have missed…
Maybe now they will start listening to Steve Baker…
byNow that we are being engulfed by the LIBOR scandal and find that the Bank of England was heavily involved (shock horror), perhaps it…
In defence of the euro: an Austrian perspective
byWith a Critique of the Errors of the ECB and the Interventionism of Brussels 1. Introduction: The Ideal Monetary System Theorists of the Austrian…
By abandoning the gold standard we embraced monetary central planning, chaos
byWith this essay I will try to reconcile two apparently conflicting perceptions of the key problems with our present monetary system. I will start…