Inflation and German sensibilities
byAngela Merkel told the German Bundestag last Wednesday that in the absence of a deal on the eurozone debt crisis, “Nobody should take for…
ECB
Europe’s future is coming into focus: hyperinflation
byAs you know, my expectations were low to begin with. I did not expect the EU summit on the debt crisis to provide a…
No Mt Rushmore for today’s interventionists
bySince the Great Financial Crisis started (in truth, since well before), we have unwaveringly maintained three main tenets in relation to how one should…
Europe on the brink
byI came across this excellent report by Boone and Johnson from the Peterson Institute for International Economics on the mechanics of how the Eurozone…
Detlev Schlichter: Don’t believe the hype! Why the ECB rate hike doesn’t mean anything.
byLet us establish some principles first. Central banks do indeed pose a risk to economic stability but not because their monetary policy is constantly…
The day the ECB lost its last credibility
byJanuary 14th 2011 is the day on which the Greek government ultimately would have failed. Only extreme interventions by the ECB, breaking former promises,…
A Crisis of Illiquidity or Insolvency?
byAs Europe continues bailing out its troubled economies, a subtle point is sidestepped. Providing additional doses of liquidity has brought short-term relief to some…
Regulating while Europe burns
byBritain and the Eurozone hover on the Brink of Banking and Monetary Collapse. Our response? More Regulation. The European Central Bank’s head, Jean Claude…
Ireland has opened Pandora’s box
byThe Irish government may have discovered a fatal flaw in the Eurozone central banking system – the discount window. In 2008 the Irish government…
A Monetarist whitewash from Ambrose Evans-Pritchard
byAn entertaining article, choc-a-bloc with Monetarist whitewash, in The Telegraph today. Apparently Jean Claude Trichet is “inflicting a triple shock of fiscal, monetary and…