For honest money and social progress
Why is the money supply dependent on interest rates and government spending?
It turns out the great economist Irving Fisher told us back in the 1930s: banks create and destroy credit money by granting and calling loans. As Fisher wrote:
“Thus our national circulating medium is now at the mercy of loan transactions of banks; and our thousands of checking banks are, in effect, so many irresponsible private mints.”
The Cobden Centre is delighted to invite you to its Annual Lecture and Drinks Reception to be held on Wednesday 9th June 2010 between…
With what Mr Spock might call the fascinating financial news stories we have all seen in the last week or so, most people are…
On my blog I ask the following: I’ve heard people [that] argue for limited purpose banking use an example of gas stations. They say…
IEA Blog » Blog Archive » What Austrian business cycle theory does and does not claim as true. Over at the IEA blog I…
In their working paper Assessing UK money supply measures in the light of the credit crunch, Toby Baxendale and Anthony J. Evans provide a better measure of the money supply. In this article, Steven Baker explores the background to the paper and indicates some key findings.
I offer a £1,000 reward for anyone who can tell me why this logically won’t work, practical politics, for now, being another matter. What…
Regular Cobden Centre contributor Sean Corrigan appeared on CNBC this morning, discussing the surge in the price of gold, and its role as both…
In the course of things, I had cause to quote Bastiat: “The state is the great fiction by which everyone seeks to live at…
I recently discovered a very good article at prudentbear.com, published shortly before the general election. Martin Hutchinson considers “the three previous occasions on which…