What Can Kill a Useless Currency
byThere is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and…
Central Banking
Event Announcement: The Future of Money – 10 years after Lehman and Nakamoto
byI have the pleasure of speaking at the Future of Money Conference in Frankfurt next month on the 24th November. It should be a…
The Credit Cycle Is On The Turn
byWe are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the…
Hong Kong and the road to recovery
byWe are following the road to perdition There is increasing awareness that another financial crisis is in the offing, and, of course, everyone has…
Why the Fed Denied the Narrow Bank
byIt’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…
The Fed and asset bubbles
byIn his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
John Law – 300 years on
byMost people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble,…
The Blockchain Is a Tempting Target for Central Banks
byFor the past several years, one of the most consistent themes in the world of of central banking has been the ongoing drive to…
Speaking truth to power
by“Ron Steigler: Mr. Gardner, uh, my editors and I have been wondering if you would consider writing a book for us, something about…
An odd, non-linear game
by“Sir, John Authers, in Loser’s Game (The Big Read, December 22), could have delved deeply into the flaws in the asset management business as…