The pound’s slow demise
Once upon a time the pound sterling ruled the world of finance. Today it has been relegated to a less regal status, displaced by…
Who benefits from the Fed?
We recently looked at the Federal Reserve’s 2012 results. In particular, we pointed to some positive and negative developments. On a positive note, the Fed managed…
The continued wealth divide
Luxury carmaker Rolls-Royce’s 2012 financial results must have brought new worries to those concerned with the growing wealth divide. Rolls-Royce reported a third consecutive…
The Iceland and Ireland banking crisis: lessons for the future
A working paper for the Mercatus Centre: Abstract The economic collapses of Iceland and Ireland after 2008 are the most severe in the developed…
Contemporary Austrian Economics and Non-neutral Money
Peter J. Boettke has brought together a collection of young economists to outline the core propositions that make Austrian Economics distinct. The book –…
Explaining the growing wealth divide
In the past year we have witnessed the growing influence and clout of the Occupy Wall Street movement in the States, the St. Paul’s…
Pensions and fiscal reform
European countries offer a variety of pension schemes. For our purposes here, I want to draw attention to the variety of public participation rates…
What does a credit rating mean?
Credit ratings agencies have come under fire for not being proactive enough in recognizing bad sovereign risks. Even if the ratings agencies were a…
The euro as saviour from an inflationary fate?
During the current crisis, it is difficult to see the benefits of the euro. While it is increasingly seen as the cause of most…
Revolutionary insights for the eurozone
Everyone seems to be searching for a roadmap for the Euro-crisis. A precedent to guide policymaking and financial decisions would give some assurance that…