Who will protect us from the central bank?
byEarlier this week, John Redwood MP posed some difficult questions for Mervyn King: Why did the Bank so misread the cycle 2005-9? Why did…
Bank of England
HM Treasury’s Press Release on Reforms to Financial Regulation
byA reader has sent in his thoughts about the recent proposals to reform the regulatory apparatus of the UK banking system: Last Friday I had…
The infantilisation of financial services
byVia Bank plans to cap risky mortgages – Telegraph: Mortgage lending would be “capped” to stop borrowers taking out risky loans under radical Bank of…
Don’t worry! The Bank of England has it all under control
byI was amused to read the recent UK inflation reports. The ONS said that in July it “fell” from 3.2% from 3.1% in June….
CentreRight: On economic forecasting and double-dip recession
byOver at CentreRight, I have set out briefly the mistake presently being made by policymakers in the US, which I expect to be mirrored in…
Time for a mildly radical proposal?
byWhy the Tories should abolish the Bank of England, and why they will politically benefit from doing so The Conservative Party, since forming their…
Bank of England made £8bn profit from quantitative easing fund
byLet us be generous to the Bank of England. Let us avoid quibbling about that original £198bn of ‘quantitative easing’ coming from out of…
An easy £10 bn of deficit reduction and £200 bn off the National Debt
byI praise the Coalition government for their first brave attempt to tackle the £156 bn deficit with their £6 bn of net cuts. This,…
What is money?
byIn their working paper Assessing UK money supply measures in the light of the credit crunch, Toby Baxendale and Anthony J. Evans provide a better measure of the money supply. In this article, Steven Baker explores the background to the paper and indicates some key findings.
Laurence Kotlikoff’s “Jimmy Stewart is Dead”
byJimmy Stewart plays George Bailey who is cast as the “honest” and trustworthy banker in the classic Hollywood film, “It’s a Wonderful Life.” Kotlikoff’s…