Only an investment bank could be this obtuse
by“Government powerless to intervene in non-banking industry THE GOVERNMENT HAS confirmed there is absolutely nothing it can do to save the non-London-based steel industry. As thousands…
Money
Should central banks fight a decline in price inflation?
byThe yearly growth rate of the US consumer price index (CPI) fell to 0% in September from 0.2% in August and 1.7% in September…
The Final Crescendo Of Cognitive Dollar Dissonance And The Remonetisation Of Gold
by(This Report is an adaptation of my keynote address to the 2015 Sydney Precious Metals Symposium, held this month.) “Power tends to corrupt. Absolute…
Time to End Monetary Central Planning
byThere is no way to describe current Federal Reserve policy other than as monetary confusion and misdirection. In a nutshell, Janet Yellen and the…
A Unifying Theory: Money, Goods and Services are Instruments of Expectations-Management
byThe following paper was written for The Cobden Centre by Vishal Wilde. Vishal Wilde is a finalist studying for a BSc (Hons) in…
Dammit, Janet
byAccording to Einstein, time is affected by gravity. Clocks far from strong gravitational fields run more quickly; those close by run more slowly. We…
From ZIRP to NIRP
byThe sudden end of the Fed’s ambition to raise interest rates above the zero bound, coupled with the FOMC’s minutes, which expressed concerns about…
Equity markets and credit contraction
byThere is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a…
The Bank of England’s One Bank Research programme – how to truly challenge the orthodoxy?
byThe Bank of England launched its “One Bank Research” programme last year. They write: Through our One Bank Research initiative, the Bank of England…
Low Interest Rates Cannot Save a House of Cards
byWhen is the price of some marketable good or service at or near zero? When either the supply of it is so plentiful that…