Can money pumping solve the European economic crisis?
byRecently we have noticed that many more commentators and various important experts have been advocating aggressive monetary pumping by the European Central Bank to…
ECB
The triumph of politics
byOn August 15, 1971, President Richard Nixon declared that the United States would no longer honour its promise to exchange US dollars held by…
The wasteland
byThe world of ‘alternative’ energy has been no stranger to embarrassment of late, whether it be leading windmill-maker Vestas’ 96% plunge to a 14-year…
The inevitable death of the euro
byOn Thursday the European Central Bank’s Mario Draghi was moved to defend the euro, after Spain’s government bond yields rose dramatically through the 7%…
Central banks: running out of ideas, road
byOn page two of today’s Wall Street Journal Europe you will find the result of a readers’ poll from last Friday; Question: will the…
In defence of the euro: an Austrian perspective
byWith a Critique of the Errors of the ECB and the Interventionism of Brussels 1. Introduction: The Ideal Monetary System Theorists of the Austrian…
Please don’t call this capitalism!
bySurprise, surprise, the Euro Zone debt crisis is back. Or was it never gone? As yields on Spanish and Italian government bonds are heading…
The Fed’s swap bailout of the eurozone
byOn Tuesday, March 26, 2012, I was invited by Ron Paul and his staff to assist a meeting of the Domestic Monetary Policy and…
Does the ‘recovery’ matter?
byI was thinking of starting this blog with a cynical comment along the lines of, “last week equity markets came off, I think we…
A three-way split
byWhatever residual worries there were going into the deadline for the Greek deal, they did not seem to have impacted sentiment elsewhere, as it…