The big (double-)dipper
byI concluded my previous article with the observation that in many regions of the world, the inevitable lag between cause and effect has seen…
January, 2012
Upcoming event: Monetary reform and the eurozone crisis
by Detlev SchlichterJust a quick heads-up for those of you who are in London this week: On Thursday, 26th January, I will speak at an event…
A fraction wide of the mark
by Sean CorriganIn the classic textbooks, it is correctly said that it is mainly through the process of (private or public) credit creation that money itself…
Deceits and delusions – some thoughts on the euro-crisis and democracy
by Detlev SchlichterAnybody with any knowledge of economics should feel uneasy at the sight of a country where half of recorded economic activity is conducted by…
Missing the target
by Sean CorriganThis article is the sixth in a nine-part series on credit. The other great class of credit whose extinction is not to be trembled…
South Carolina, the Presidential nomination and gold
by Ralph BenkoA view from America … Published yesterday at RealClearMarkets, as South Carolina’s voters went to the polls. Two candidates – Newt Gingrich and Ron…
Jonathan Meades, the intellectuals’ Stephen Fry?
by Dr Tim EvansI have heard it said that Stephen Fry is what stupid people think a clever person should be like. This sounds pretty unfair to…
A merry dance
by Sean CorriganAs I argued in yesterday’s article, disruptions caused by an artificial excess of credit will squeeze margins and lead inevitably to the demand for…
Passing the baton
by Sean CorriganIn my previous article I explored the disco-ordinating effects of unnatural interest rates. Let us go back for a moment to construct a simplified…
Mainstream support for accounting reform
by Gordon KerrThe Guardian: Bank of England official calls for bespoke accounting standards for banks The Telegraph: New bank accounting rules needed to avoid another crisis,…