Bank of England not necessary, says landmark IEA ‘free banking’ book
A new book outlines how the ‘free banking’ alternative to central banks can and has delivered stability and prosperity. Central banks have consistently failed…
Central Bank Activism: Good Intentions, Bad Policy
By Kevin Dowd Talk to 39th Annual Cato Institute Annual Monetary Conference “Populism and the Future of the Fed” 18 November 2021 “Good afternoon, everyone….
Britain’s Greatest Prime Minister
Kevin Dowd My good friend and co-author Martin Hutchinson has just had a published a blisteringly brilliant biography of Britain’s greatest Prime Minister. The…
To make banks strong, do away with the regulator
As the UK economy enters the COVID-19 downturn, the Bank of England (BoE) continues to maintain that the UK banks are strongly capitalised. The…
Can UK Banks Pass the COVID-19 Stress Test?
Eumaeus is pleased to release our report Can UK Banks Pass the COVID-19 Stress Test? on the dire state of the UK banking system as the…
The Bank’s ‘Stress’ Tests
My report on the Bank of England’s latest (November 2018) stress tests was published by the Adam Smith Institute on August 3rd. The purpose of the stress tests…
The 2017 Stress Tests: Are US Banks Really in Good Shape?
“… equally efficacious, and equally a hoax.” – Benjamin Disraeli, 1848[1] One of the highlights of the U.S. summer for Fed watchers is the annual ritual…
Lord Liverpool and the Return to Gold
Martin Hutchinson and Kevin Dowd* * Hutchinson (karlmagnus.aol.com) is the author of the Bear’s Lear column, http://www.tbwns.com/category/the-bears-lair/. Dowd (kevin.dowd@durham.ac.uk) is professor of finance and…
The Bank of England’s incredible stress tests
The Bank of England’s 2016 stress tests are literally incredible. Of the seven big financial institutions covered in the exercise, only one (RBS) failed…