The Function of Money
byThis is the first in a series of articles taken from Mises, The Theory of Money and Credit (1934). Here, we introduce the function…
March, 2010
Arden Partners: Much ado about nothing
byEwen Stewart of Arden Partners has kindly supplied his note The Budget – Much ado about nothing for publication. The backdrop to this budget…
The tab from LEH/AIG so far?
byVia Sean Corrigan and Toby Baxendale, “The tab from LEH/AIG so far? Around about $2 trillion if we look at trend US federal debt…
The market yawns
byWhere’s the market reaction? Yawns the prophet of Princeton, Paul Krugman in response to the passage of Obama’s health care bill. In totally separate…
Cobden on Free Trade and its Relevance Today
byFood is on the whole cheap to us as an advanced or even a post industrial nation. Richard Cobden, with a small group of…
FT.com – We should not be saved from our stupidity
byIt is very hard to play the game of life – or of capitalism – when governments keep changing the rules. Which they do…
Good article on Naked Capitalism
byBy way of nakedcapitalism.com this excellent article from washingtonsblog.com on “Fictional Reserve Banking”: But whatever you think about fractional reserve banking, whether or not you agree…
Demand for Doctors
byJamie Whyte discussed this article on Radio 4 yesterday. I like most of the doctors I know. They are earthy and unsqueamish, about minds…
Greg Mankiw Ponders Greenspan’s Paper the Crisis and Considers 100% Reserves
byWe are grateful to Robert Arbon for pointing out this article on Greg Mankiw’s Blog: I just returned from the spring meeting of the…
Time to Celebrate the Entrepreneur
byDo you think it is very worrying that not one government policy encourages the entrepreneurs of the world to create wealth? Without wealth creation…