A Gold Man in Monetarist Territory
byOn November 3, the Manhattan Institute hosted the fall meeting of the Shadow Open Market Committee (SOMC). This is a 40-year old group, with…
Central Planning
The 80/20 rule
byRecent statistics are confirming “economic recovery” in the UK and even some of the weaker eurozone states. I put this in quotes, because what…
The injustice of easy money is going mainstream
byThe Daily Mail reports Interest rates: How keeping them at a record low is a deliberate government ploy to pay off its debts: A stealth…
Bank reform demands monetary reform – an essay for Banking 2020
byThis article was published yesterday at stevebaker.info. Today sees the return of the Financial Services (Banking Reform) Bill to Parliament. It does not do enough. In…
The Corruption of Capitalism in America
byFollowing on from John Butler’s review, here’s Detlev’s take on “The Great Deformation” … David Stockman’s new book is a brilliant, penetrating analysis of the present state…
Easy, isn’t it?
byWith the halls no longer decked with boughs of holly and the wassailers at last stuffed full of figgy pudding, we have all reluctantly…
Plus ça change
byConveniently coming just in time for the crucial Party conference, the official China PMI index inched above the 50-level watershed and so was enough…
By abandoning the gold standard we embraced monetary central planning, chaos
byWith this essay I will try to reconcile two apparently conflicting perceptions of the key problems with our present monetary system. I will start…
China crisis
by“A central power, as enlightened, as skilful as can be imagined, cannot by itself encompass all the details of the life of a great…
Our central bankers are intellectually bankrupt
byThe best article we’ve seen in the FT for a long time, courtesy of Ron Paul … The financial crisis has fully exposed the…