The Errors of Posen, New MPC Recruit
Norma Cohen in the Financial Times of 26 October 2009 wrote: Britain’s economy cannot recover unless its damaged banking system is restructured, the newest…
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Entrepreneurship and the business cycle
Via the Quarterly Journal of Austrian Economics, our Chairman, Toby Baxendale, and our Founding Fellow, Dr Anthony J. Evans further the monetary theory of…
Read MoreHands off our banks! Neelie Kroes decrees that Britain must split and sell rescued banks now!
Chris Neal outlines his tax payers’ revolt. In October 2008 Messrs Brown and Darling assured the British tax payer that we had a reasonable…
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Happy days are here again? Another view from the City
Equity Strategist Ewen Stewart makes the case that the national debt will within 5 years be over £150,000 per family of 4 with debt…
Read MoreBritain’s Business Community – Your Country Needs You!
Chris Neal explains how the reports of the Centre for Social Justice and Conservative Party policy are converging in a direction which tends towards…
Read MoreWhy Budget Deficits are Bad for the Economy and Why Sir Samuel Brittan is Wrong
Toby Baxendale exposes flaws in the economic thinking of the left, indicates the dangers of deficit spending and points to a better way to…
Read MoreThe Sub-Prime Debacle – What Will Future Historians Say?
Liam Halligan has kindly agreed to publication of the transcript of his address to the Cobden Centre/Libertarian Alliance dinner on 30 September 2009. INTRODUCTION…
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Material Evidence – Recovery or crisis?
Sean Corrigan’s Material Evidence: the declaration of the end of the recession vs cries of crisis, the role of business spending, new money, the…
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Material Evidence – Back to the 70s
Sean Corrigan’s Material Evidence: US unemployment, the UK’s staggering recovery to 1974 levels of manufacturing output, energy investment and the performance of gold and…
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Is a Liquidity Trap Possible? Beware of those who do not understand the Structure of Production.
The essential idea of a Liquidity Trap as expounded by J M Keynes in this “General Theory” is that there is a point in…
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