Baku Summit: A Shared Future
byIt was a pleasure speaking on a panel at the “Baku Summit: A Shared Future” in Azerbaijan last week. I spoke on a panel…
June, 2018
James Madison’s Essay on Money
byThe following is by James Madison, the primary author of the US Constitution and fourth president. For those who wish to get a…
Central Banking: It’s alive!!
byIn his recent posting on Linked In, entitled, ‘The death of macro-prudential’, Stuart Trow of the EBRD delivered a well-aimed broadside at the pitiable…
The Role of Shadow Banking in the Business Cycle
byBy Arkadiusz Sieroń 1The process of lending and the uninterrupted flow of credit to the real economy no longer rely only on banks, but…
Should the Fed print money to accommodate demand for money?
byFor most economists and commentators the main role of the Fed is to keep the supply and demand for money in equilibrium. Whenever an…
The Myth that Central Banks Assure Economic Stability
byThe world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, inflations and recessions, especially during the last one…
IFT & Cobden Centre Video Series on Free Trade
byThe Cobden Centre is working with free trade think tank IFT, founded by Daniel Hannan MEP, on a video series explaining free trade. Here…
Does subjective valuation mean arbitrary valuation?
byWhy do individuals pay much higher prices for some goods versus other goods? The common reply to this is the law of supply and…
Tariff Walls and Trade Wars Equal Government Planning
byTrade wars are dangerous and harmful policies for governments to pursue. They hurt consumers due to higher prices and fewer alternatives; they reduce competitive…