Is Velocity Like Magic?
byIt is alleged that when the velocity of money rises, all other thing being equal, the buying power of money declines ie the prices…
December, 2010
Bagehot’s obituary of Richard Cobden – 1865
by Toby BaxendaleWalter Bagehot’s 1865 obituary of Richard Cobden, from the Online Library of Liberty (H/T Sean Corrigan). Twenty-three years ago—and it is very strange that…
Sampson – The Currency under the Act of 1844
by Sean CorriganThe more financial history one reads, the more powerful the sense of deja vu becomes and also the greater grows the appreciation of the…
Financial regulation goes global
by Toby BaxendaleDalibor Roháč of the Legatum Institute and Matthew Sinclair of the Taxpayers’ Alliance have jointly authored a report on the risks of new global…
The Euro: Where to Next?
by David HowdenFrom where did Europe’s recession come? To listen to some commentators one would think that it came from nowhere. Indeed, the idea that a…
EconTalk Podcast on Ludwig von Mises
by Prof Peter J. BoettkeAs previously blogged at Coordination Problem… Russ Roberts interviewed me on EconTalk about the life, work and continuing relevance of Ludwig von Mises. I…
Spending Cuts, Student Revolts, and the Debt Crisis
by Robert SadlerIt has been impossible not to notice the widespread student protests over the past couple of months against the government plans to raise tuition…
Eric Cantona’s Revolution
by Robert SadlerEric Cantona, the former professional football player, recently called for a “bloodless revolution” against the banks. The idea, according to Cantona, is that people…
A Crisis of Illiquidity or Insolvency?
by David HowdenAs Europe continues bailing out its troubled economies, a subtle point is sidestepped. Providing additional doses of liquidity has brought short-term relief to some…
Cobden’s Christmas Teaser
by Gordon KerrWe at CC know that the story below is not actually a fair parallel. Students of the banking bailout are invited to submit answers…