The Road to a New Serfdom
byAnother week of creeping Euro-consolidation was the backdrop to a further round of severe market stress which briefly saw Spain trade at 500 over,…
November, 2011
The end of politics
by Ralph BenkoA view from America, previously published at Forbes.com This column debuted a year ago and proceeded to make a troubling announcement: World peace has…
Splendid isolation ?
by Tim Price“Clearly, Field Marshal Haig is about to make yet another gargantuan effort to move his drinks cabinet six inches closer to Berlin.” – Captain…
The meaning of money
by Adrian AshSo a Dollar was still a Dollar, as Richard Nixon told US citizens 40 years ago this summer. Whether the Euro will be worth…
Did QE work?
by Anthony J. EvansI think this is a complicated question to answer, and both sides of the debate have a tendency to over simplify. If we understand…
Why is there a euro crisis?
by Prof Philipp BagusOn Thursday, October 28, 2011, prices of European stocks soared. Big banks like Société Générale (+22.54%), BNP Paribas (+19.92%), Commerzbank (+16.49%) or Deutsche Bank…
China and Europe: 100 years of folly
by David HowdenOne can read The Daily Mail for its coverage of the royal family, snapshots of British life, or, if you are like me, the…
Infinite stupidity
by Detlev Schlichter“The unlimited resources” of the European Central Bank (ECB) is quickly becoming the new magic mantra in political commentary and financial market analysis, now…
Last one out, please turn out the lights
by Sean CorriganThe release of China’s latest batch of inconsistent and methodologically opaque official statistics were—cue Captain Louis Renault for effect—just about perfect for the job…
Euroland: an Austrian view
by Alasdair MacleodIn the last two weeks the headlines have switched from Greece to Italy. Financial and economic commentators who dismissed Greece as a small cog…