The 2012 Baker Bill: a programme to end financial crises
Earlier today Conservative Steve Baker MP put forward a Private Member’s Bill, the Financial Institutions (Reform) Bill, which outlines a programme of radical reforms…
Loose Money, Asset Price Cycles and the Decapitalization of the United States
Ben’s Bubbles and the Bonfire of American Capital Prepared by Kevin Dowd and Martin Hutchinson[1] for the 28th Cato Institute Annual Monetary Conference Asset…
Unreconstructed Keynesianism is alive and well
In a recent video interview in the Daily Telegraph (October 7, 2010), Keynes’s biographer, the noted historian Professor Lord Skidelsky, gives us the benefits…
The UK is Broke
Although few people yet realise it, the UK is bankrupt: the Government cannot pay its debts. This might sound a little pessimistic. After all,…
Calls for further monetary expansion are cuckoo
In today’s Telegraph Ambrose Evans-Pritchard gives a splendid analysis of the dire fiscal problems facing the developed economies, but a dreadful analysis of their…
Lessons from the financial crisis: a libertarian perspective
This article is an expanded version of the Second Chris R. Tame Memorial Lecture delivered by Professor Dowd at the National Liberal Club, London,…