Darius Guppy is spot on about the bank credit creation process
byVia Darius Guppy: our world balances on a sea of debt What is needed is a root and branch re-evaluation of that most curious…
February, 2010
More evidence of the incompetence of state accountants re derivatives
byVia The Telegraph: Meanwhile Angela Merkel, the German Chancellor, criticised investment banks for the role they may have played in helping Greece to mask…
Corrigan on inflation, unemployment and the stimulus
byOn inflation, unemployment, especially desperate youth unemployment, and the stimulus. Consider, in the lows of the first years of the century, there were 2.8…
Is this the beginning of the end of the Eurozone?
byCould the endgame of this “Greek tragedy” be a eurozone break-up? The single currency’s supporters maintain such an outcome is mere mythology. Greece accounts…
Conservatives: Power to public sector workers
byIn an exciting development, the Conservatives have announced employee-owned cooperatives for the public sector: A Conservative government will give public sector workers a powerful…
How much is your pound or dollar actually worth since government has been in control of money?
byThe answer is that the US dollar has lost 98.17% of its purchasing power and the pound sterling 99.42% of its purchasing power. Well done…
Boris: The Greeks must be rueing the day they whacked the drachma
byBJ’s excellent article today rightly draws comparison between the bailout of Greece and the bailout of Northern Rock. He makes the excellent point that…
Alchemists of Loss, Prof. Kevin Dowd
byWe are delighted to announce a forthcoming book by Cobden Centre Senior Fellow Professor Kevin Dowd and US-based journalist and former investment banker Martin…
Economists: UK economy cries out for credible rescue plan
byVia an open letter in The Times: IT IS now clear that the UK economy entered the recession with a large structural budget deficit. As…
Global reach for honest money
byOur visitor locations for the three months to 12 Feb 2010: