Money out of thin air, mystical and dreamlike
by“Indeed, the fact that central banks can create money out of thin air, so to speak, is something that many observers are likely to…
Economics
Animal spirits
by Alasdair MacleodThe BBC is running a three-part series on notable economists, starting with Keynes. There were a number of errors made, but I shall ignore…
The cruel fiction of state power
by Steve BakerA speech on the morality of taxation … Dr Eamonn Butler, a doctor of moral philosophy, provides 17 moral arguments against taxation in the report of…
Classical liberalism in the Liberal party since 1886
by Stephen DaviesThe final death of classical liberalism as a force or element within the Liberal Party has been announced many times over the last hundred…
Richard Cobden’s achievements
by John Phelan“We are on the eve of great changes” Richard Cobden told Parliament in February 1846. He was correct. Britain stood poised to embark on…
The blind archer
by Sean CorriganFinally, the great day has come and gone when the Fed would once again ride to the action, not daring to be left behind…
The motive powers of destructionism
by Toby BaxendaleIts a great pleasure to wake up in the morning on holiday and read something very true, as always, from Mises. Its also a…
A new gold standard?
by Alasdair MacleodThe US Republican Party recently announced its intention to set up a “gold commission”, to examine the feasibility or not of returning to a…
Fed’s new monetary plan runs the risk of severely damaging the US economy
by Dr Frank ShostakThe US central bank announced on Thursday September 13, 2012 that it will expand its holdings of long-term securities with open-ended purchases of $40…
Stimulus, to infinity and beyond
by Detlev SchlichterThere was a beautiful symmetry to last week’s policy announcement by the Fed. Precisely a week after the ECB had pledged its commitment to…