CHAPTER NINE: REFORM
byWhy Reform? Imagine a world where huge amounts of money are created out of nothing for private profit and destroyed again once profit is…
May, 2017
Money out of “thin air” and economic cycles
byAccording to the Nobel Laureate in Economics, Milton Friedman, the root of the business cycle is the fluctuations in the growth rate of money…
The importance of randomness
byThe greatest strength of a truly free market economy, where money is sound and does not corrupt prices, is the absence of cyclical action….
The World’s Central Banks Are Frozen with Fear
byBy Ryan McMaken 2016 was supposed to be the year that the Federal Reserve “normalized” its policies. As much as two years ago —…
Trade Deficits Don’t Matter – Unless Caused by Government
byIn 2016, the United States exported goods and services equal to $2.209 trillion, and imported goods and services with a market value of $2.712…
Expected Losses are Not Baked into the Risk Weights
byBy Tim Bush and Kevin Dowd On December 15th 2015 there was an interesting exchange on the Treasury Committee between Steve Baker MP…
Treascomm Submissions for “Effectiveness and impact of post-2008 UK monetary policy”
byBelow are the submissions from Cobden Centre contributors on the “Effectiveness and impact of post-2008 UK monetary policy” for the Treasury Select Committee. Publications: https://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/inquiries1/parliament-2015/post-2008-uk-monetary-policy-16-17/publications/…
Jeffrey P. Snider: Unfortunately An ‘Official’ End To The Rising Dollar Isn’t More
byTIC data confirms that “reflation” captured more than just pricing sentiment. It appears to have occurred in bank balance sheet activity, and related official…
Does the existence of unemployed resources justify easy money?
byOnce an economy falls into recession many commentators tend to express concern that as a result of the economic slump there are now…
The ‘Free Market Multiplier Effect’
byOne of the basic concepts taught in first-year university economics classes around the world is the intuitively powerful though regularly abused ‘multiplier effect’. The…