What is the Legal Relationship Between the Banker and his Customer?
byIn Parliament this Wednesday, there is a Ten Minute Rule Bill being introduced into Parliament by the inspirational and principled MP for Clacton, Douglas…
Banking
CentreRight: Douglas Carswell leads the way on bank reform
byOn CentreRight, I explain that Douglas Carswell leads the way on bank reform: There is a doctrine which creates wealth and spreads it around. It…
Ten plans for financial reform
bySince The Cobden Centre was established by original founder Toby Baxendale, Dr Tim Evans, Dr Anthony J Evans and the author, we have assembled…
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…
Why Vince Cable should be both praised and ridiculed for forcing banks to lend
byA lifelong friend in a senior position at a major UK bank confirmed to me privately that last week’s news that banks were approving…
Honest Money through bearer shares, a proposal
byBy kind permission of Paul Birch, we reproduce his essay setting out a proposal for honest money through bearer shares, previously published on this…
An honest money maiden speech
byAdvisory Board Member Steve Baker, MP for Wycombe, yesterday made his maiden speech in the House of Commons. The full text may be found…
Iceland and the Western Banking System
byGordon Kerr’s second address this year at the European Parliament was at a meeting of the European Enterprise Institute. The meeting was chaired by…
Reliving the 1930s
byWhy is the money supply dependent on interest rates and government spending?
It turns out the great economist Irving Fisher told us back in the 1930s: banks create and destroy credit money by granting and calling loans. As Fisher wrote:
“Thus our national circulating medium is now at the mercy of loan transactions of banks; and our thousands of checking banks are, in effect, so many irresponsible private mints.”
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.