Money printing: not what it was
byThere are lots of reasons why QE hasn’t yet created inflation in the rich West… SO HEADLINE writers everywhere got to say money really…
Economics
The Selfish Gene and human cooperation
byIt took me until my 43rd year to read The Selfish Gene, written in 1976 by Richard Dawkins. In many respects, it is a testament…
Why is JPMorgan so quick to agree to a $13B fine?
byA Bloomberg appearance by Gordon Kerr, Cobden Centre advisory board member and founder of Cobden Partners Oct. 21 (Bloomberg) — Gordon Kerr, consultant at…
China and gold
byChina is now overtly pushing for the US dollar to be replaced as the world’s reserve currency. Xinhua, China’s official press agency on Sunday ran…
How much longer will the dollar be the reserve currency?
byWe use the term “reserve currency” when referring to the common use of the dollar by other countries when settling their international trade accounts….
That US debt ceiling and the Fed
byWe are now into a second week of a partial Federal Government shut-down, which is causing considerable concern, centred on the Government’s ability to…
40 years later: Mises’s lasting legacy
byEach year in early October, the world looks to Sweden and Norway, where the annual Nobel Prize winners are announced in the fields of…
The four words that define western economic policy
by“The goods and services traded on the semi-secretive website Silk Road since February 2011 with the virtual currency Bitcoins were so varied that the…
The 80/20 rule
byRecent statistics are confirming “economic recovery” in the UK and even some of the weaker eurozone states. I put this in quotes, because what…
The unstoppable growth of US money supply
byAfter all the fuss about tapering, it is worth remembering that central banks can and do expand the money quantity without quantitative easing. Put…