UK must not let ‘zombie’ banks drain the economy – Telegraph
byLiam Halligan writing in the Telegraph: Japan didn’t stagnate in the 1990s because it refused to do QE and a massive fiscal expansion, or…
Economic Cycles
Material Evidence – bonds and new money
bySean Corrigan’s Material Evidence: bond yields, new money, state borrowing and the difficulty of making sound business decisions in the present environment. Read the…
The Sub-Prime Debacle – What Will Future Historians Say?
byLiam Halligan has kindly agreed to publication of the transcript of his address to the Cobden Centre/Libertarian Alliance dinner on 30 September 2009. INTRODUCTION…
Material Evidence – Recovery or crisis?
bySean Corrigan’s Material Evidence: the declaration of the end of the recession vs cries of crisis, the role of business spending, new money, the…
Is a Liquidity Trap Possible? Beware of those who do not understand the Structure of Production.
byThe essential idea of a Liquidity Trap as expounded by J M Keynes in this “General Theory” is that there is a point in…
Animal Farm
bySept. 17 (Bloomberg) — Private investors in China, the world’s largest metals user, have stockpiled “substantial” quantities of copper as the government ramps up…
The Superhighway to Serfdom
byBy kind permission of Sean Corrigan, we make available the September edition of his Resource Ruminations “Superhighway to Serfdom”: “The danger of modern liberty…
Can the Manipulation of Interest Rates Create Wealth?
byThe Cobden Centre’s Chairman, Toby Baxendale, explores whether cheaper money will make for greater prosperity. You often hear politicians and economic commentators say that…
Don’t regulate banking – liberalise it
byWriting in the Guardian, Dr Anthony J Evans calls for liberalisation of banking. Barack Obama’s speech on Monday to Wall Street outlines an overhaul…
Moral Markets and Honest Money
byRevised and updated: reconciling our conflicting views of the market through consistent principle and morality. This post originally appeared on www.stevebaker.info. A Christian friend…