Paper Money Collapse nominated for international book award
I am very happy and proud to announce that Paper Money Collapse – The Folly of Elastic Money and the Coming Monetary Breakdown has…
Detlev Schlichter
Detlev S. Schlichter is a writer and Austrian School economist. He had a 19-year career in financial markets as a derivatives trader and investment manager during which he worked for J.P. Morgan, Merrill Lynch and Western Asset Management. In 2009 he resigned from a senior position in the City of London to focus exclusively on his first book, <a href="http://www.amazon.co.uk/gp/product/1118095758/ref=as_li_ss_tl?ie=UTF8&tag=thecobcen-21&linkCode=as2&camp=1634&creative=19450&creativeASIN=1118095758"><i>Paper Money Collapse – The Folly of Elastic Money and the Coming Monetary Breakdown</i></a>.
More QE is on the way – The central banks are digging themselves a deeper hole
Dear readers, first of all, apologies seem in order. An unusual gap between blog posts has appeared on the Schlichter Files this summer. The…
The triumph of politics
On August 15, 1971, President Richard Nixon declared that the United States would no longer honour its promise to exchange US dollars held by…
Happy interventionists: the economist’s attack on your property
Last week, DIW – the Deutsches Institut für Wirtschaftsforschung (German Institute for Economic Research) – an influential think tank, proposed an ingenious solution to…
Central banks: running out of ideas, road
On page two of today’s Wall Street Journal Europe you will find the result of a readers’ poll from last Friday; Question: will the…
Germany’s economy is only king in the blind valley of the eurozone
In the present debate on the Euro crisis, Germany is frequently portrayed as a model of economic strength, a beacon of fiscal prudence and…
The death of banks – and the future of money
UK Chancellor George Osborne and Bank of England Governor Mervin King last week announced another round of fiscal and monetary stimulus measures, including steps…
Prozac-craving markets
In my view, there is no escaping the fact that things are not getting better. If anything, they are getting worse. Following the large…
Is gold in a bubble?
To answer this question is not straightforward. As the gold-sceptics keep reminding us, gold pays no coupon and no dividend, it does not offer…
Thoughts on the Greek crisis and the politicization of economics
Should the Greeks have a referendum on whether they want to stay in the euro? Are the upcoming elections such a referendum? Would it…