The economic consequences of Mr Hammond
byLast week, in an interview in The Independent, the Defence Secretary, Mr Philip Hammond, announced yet another miracle flowing from London’s hosting of the…
August, 2012
An open letter to Warren Buffett
byMr. Buffett: You have been quoted time and again, without any denial on your part that I am aware of, as having said, “There’s…
Sound money, monetary freedom, and the government
byTestimony for the Subcommittee on Domestic Monetary Policy and Technology, on “Sound Money: Parallel Currencies and the Roadmap to Monetary Freedom, Thursday, August 2,…
The Bristol pound
byBristol businesses queuing up to join local currency scheme This article, published in the The Telegraph, is interesting not for what it says about…
The obstacle mistaken for the cause
byThis classic essay by Frédéric Bastiat was recently featured at Mises.org. It was first published in 1845, as the second chapter of Bastiat’s Economic…
Did the savings glut or massive monetary expansion cause the boom and the bust?
byAmbrose Evans-Pritchard recently pinned the blame for the financial crisis on “Asia’s `Savings Glut’”. This idea is not new. For readers who may have missed…
Anniversary of the credit crunch
byWe are coming up to the fifth anniversary of the financial crisis, at least for the UK’s banking system, because it was five years…
Debt bomb
byOne for the weekend … A work of brilliance from Dominic Frisby:
Abundance vs. scarcity
byThis classic essay by Frédéric Bastiat was recently featured at Mises.org. It was first published in 1845, as the first chapter of Bastiat’s Economic…
John Cochrane, the grumpy economist, meets the gold standard
byA view from America … 8+% unemployment, now. The GDP, last we checked, crawls along at a 1.5% growth rate, slower than population growth. …