Fed’s Hoenig says gold standard “legitimate” system
byI almost spilt my gin and tonic this evening when I read on Reuters that the current Kansas City Federal Reserve President Thomas Hoenig…
James Turk: The UK government’s borrowing and spending policy could trigger next major world financial crisis
byWith the UK government continuing to borrow and spend at record amounts — with British government debt increasing each month, where the man on…
Those Dishonest Goldsmiths
byMy second beach reading has been the above named article. Like the last one I reviewed, this is written by one of the giants…
Banking, Inflation and Recessions
byThe Adam Smith Institute has recently published videos of their Liberty Lectures, held at Cass Business School last August. The room was overflowing with…
Incredible shrinking money
byThe UK’s shilling (5p) over time 1916 to today. (All coins are equivalent to one twentieth of a GBP pound sterling, 5p today) Over…
Financial Pain in Spain Falls Mainly on… Spain?
byFor over a decade we have heard reports of China’s increasing world dominance. Yet while Beijing has amassed a large war chest of savings…
Did Hayek and Robbins Deepen the Great Depression?
byI always love sitting on the beach in the Caribbean post Christmas, catching up with my neglected reading and getting lots of strange stares…
Huerta de Soto introduces Bagus’ book, The Tragedy of the Euro
byThe following is Jesús Huerta de Soto’s foreword to The Tragedy of the Euro by Philipp Bagus, a friend of The Cobden Centre. You can…
Is Velocity Like Magic?
byIt is alleged that when the velocity of money rises, all other thing being equal, the buying power of money declines ie the prices…
Bagehot’s obituary of Richard Cobden – 1865
byWalter Bagehot’s 1865 obituary of Richard Cobden, from the Online Library of Liberty (H/T Sean Corrigan). Twenty-three years ago—and it is very strange that…