Understanding money and prices
byThis article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is…
Bank Credit
Central Bank balance sheet adjustment – a path to enlightenment?
byCentral Bank balance sheet adjustment – a path to enlightenment? The balance sheets of the big four Central Banks reached $18.4bln last month The…
Expected Losses are Not Baked into the Risk Weights
byBy Tim Bush and Kevin Dowd On December 15th 2015 there was an interesting exchange on the Treasury Committee between Steve Baker MP…
Breaking the chain
by“Wherever there’s injustice, oppression and suffering, America will show up six months late and bomb the country next to where it’s happening.” From Give…
Business cycles are credit cycles
byThis article gets to the heart of why central banks’ monetary policy will never succeed. The fundamental error is to regard economic cycles as…
Zero Hedge: China Accounts For Half Of All Global Debt Created Since 2005: Here Are The Implications
byOver three years ago, in November 2013, when the world’s attention was still largely focused on what the “Big 4” central banks would do…
Cobden Centre Senior Fellow Detlev Schlichter at the Treasury Select Committee
byYou can see Cobden Centre Senior Fellow Detlev Schlichter’s insightful and pertinent contributions at the Treasury Select Committee’s enquiry into the “Effectiveness and Impact…
Why the free market is the best defence against the money multiplier
bySome commentators are of the view that the present monetary framework is instrumental for the emergence of the so-called money multiplier. Consider the case…
The Swiss Private Bankers Should Be a Model for Bankers Everywhere
byBy Marcia Christoff-Kurapovna for mises.org The strong showing in banking stocks may show some optimism following the presidential election victory of Donald Trump. But, a healthy…
There Are Two Types of Credit — One of Them Leads to Booms and Busts
byIn the slump of a cycle, businesses that were thriving begin to experience difficulties or go under. They do so not because of firm-specific entrepreneurial…