Adam Smith Reveals His (Invisible) Hand!
byToday is the anniversary of the publication of Adam Smith’s most famous work, ”The Wealth of Nations” (March 9, 1776). To celebrate this important day,…
March 9th, 2011
At the ASI: Mervyn King and narrow banking
by Steve BakerVia Tom Clougherty at the Adam Smith Institute, Mervyn King and narrow banking: Ultimately, the problem with modern banks is that they do not operate…
Money supply versus money demand
by Dr Frank ShostakAccording to popular thinking, not every increase in the supply of money will have an effect on the production of goods. For instance, if…
William J. H. Boetcker’s Ten Cannots
by Toby BaxendaleIt has become fashionable for our politicians to give us lists and pledges about things they will do or will not do to improve…