The curse of Babel
byA very old and well known story is told in Genesis 11. It is the story of the curse of Babel: Now the whole…
Central Banking
Nothing Solved! – An outlook
by Detlev SchlichterWant to know what is the biggest threat to your prosperity? Look no further than the policy statement released last night by the U.S….
Detlev Schlichter: Don’t believe the hype! Why the ECB rate hike doesn’t mean anything.
by Steve BakerLet us establish some principles first. Central banks do indeed pose a risk to economic stability but not because their monetary policy is constantly…
My Journey to Austrianism via the City
by James TylerI have spent the best part of the last two decades pitting my wits against the market. It’s an unforgiving game: I’ve seen ups and downs, and many of my rivals buried under an avalanche of hubris, passion, illogical thought and unchecked emotion.
I have witnessed the sheer folly of the ERM crisis, the Asian crisis, the failure of the Gods at Long Term Capital Management and the insanity of the tech boom.
I have enjoyed the ‘NICE’ decade (Non-Inflationary Constant Expansion), and scared myself silly during the credit crisis.
I am a trader. […]
Money is not working.
by James TylerA speech to the Policy Exchange on 31st March 2009 by Cobden Centre sponsor James Tyler. This article first appeared on hedgehedge.com but it…
The Crime Known as Quantitative Easing
by Robert SadlerRecent economic data has convinced the Bank of England not to expand its Quantitative Easing program. According to the Office of National Statistics, annual…
The violation of Mr Smith
by James TylerForty years ago today, Britain moved to decimal currency. A 1971 penny was worth the equivalent of today’s 10p. In recognition of this dramatic…
Robert P. Murphy: The Theory of Central Banking
by Andy DuncanBased heavily upon the brilliant Murray N. Rothbard book, The Mystery of Banking, Robert P. Murphy delivers an excellent lecture on the “theory” (such…
Learning the Wrong Lessons from Ireland
by Robert ThorpeAs the bailout of Ireland begins in earnest, many in the media are asking “What went wrong?”, and coming to some dubious answers. The…
The Threat of QE2
by Anthony J. EvansFrom my latest article for adamsmith.org: There is a plausible free market argument to say that under certain institutional conditions (such as competitive banks…