The Crime Known as Quantitative Easing
byRecent economic data has convinced the Bank of England not to expand its Quantitative Easing program. According to the Office of National Statistics, annual…
Bank of England
A New Year’s Resolution for the Bank of England
byThe One Hundred Twelfth United States Congress opened the year with a reading of the American Constitution. Though this was probably more of a…
Mr. Cobden on banking
byBankers’ Magazine Vol I April-October 1844 – H/T Sean Corrigan The author of an interesting work published a short time since, entitled “Sir Robert…
Bagehot’s REAL opinion
byWe all know the cliché about how to deal with panics – viz., ‘lend freely at a penalty rate’ – and the fact that…
Jeff Randall: Jailed counterfeiters aren’t a patch on the Bank of England
byThere is a superb article in the Telegraph, this morning, by Jeff Randall. Alas, with his work for Sky television, Mr Randall can only…
As Safe as Houses?
byThis report from Arden Partners was originally published on the 24th of September. Why have house prices rebounded? In 1776 Adam Smith described Britain…
The Staggering Economic Errors Behind The Policy of Quantitative Easing
byIn September of last year, I placed this article up on our web site detailing the theoretical errors behind the policy of quantitative easing….
FT: Osborne go-ahead for Bank boost
byOn the front page of the Financial Times of Saturday the 9th of Oct 2010, under the title “Osborne go-ahead for Bank boost”, we…
A response to Posen
bySean Corrigan sent me a link to a great article by Alen Mattich in the Wall Street Journal blogs section. He described it as…
News from Commissar Charles Bean
byNews flash from the Commissariat of Monetary, Mystical and Magical Affairs: A glorious bountiful future is upon us! Science has conclusively proven that savings…