Understanding the Money Creation and Society Debate
byTogether with colleagues spanning four parties – Michael Meacher (Lab), Caroline Lucas (Green), Douglas Carswell (UKIP) and David Davis (Con) – I have secured a…
Economic Cycles
The Gold Standard Did Not Cause The Great Depression, Part 1
byAEI’s James Pethokoukis and National Review’s Ramesh Ponnuru — among many others — appear to have fallen victim to what I have called “the…
Four Reasons the Bernanke-Yellen Asset-Price Inflation May Be Nearing Its End
byThere are strong indications that the remarkable run up of asset prices in the last few years is beginning to run out of steam…
The Economist discovers the Entrepreneur.
byIn its latest edition, in a piece entitled ‘Monetary policy: Tight, loose, irrelevant’, the ineffably dire Ekonomista considers the work of three members of…
Ten problems, or just one?
by“Sir, The next financial apocalypse is imminent. I know this to be true because the House & Home section in FT Weekend is now…
A market reset due
byRecent evidence points increasingly towards global economic contraction. Parts of the Eurozone are in great difficulty, and only last weekend S&P the rating agency…
Is an increase in capital goods orders always good for the economy?
byOrders for US non-military capital goods excluding aircraft rose by 0.6% in August after a 0.2% decline in July to stand at $73.2 billion….
The velocity myth
byIf there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity…
A black mark for benchmarks
by“Sir, So Ed Miliband “forgot” to mention the deficit. This from a man who was a key member of the team that ran up…
Valuing gold and turkey-farming
byToday’s financial markets are built on the sand of unsound currencies. Consequently brokers, banks and investors are wedded to monetary inflation and have lost…