Uses and abuses of monetary orders
byThe advent of a European Union with a single currency was hailed by Nobel laureate Robert A. Mundell as a great step forward, because…
Economics
Fiat money: the root cause of our financial disaster
byA view from America, previously published at Forbes.com on August 15th Is it possible that the ghastly unemployment, stagnant growth (and possible double-dip recession),…
Financial markets still don’t get it
byApologies if the title of this Schlichter-file sounds somewhat arrogant but after the events of the past three weeks I may perhaps be forgiven…
If it’s broke, don’t fix it!
byThe only part of the so-called national wealth that actually enters into the collective possessions of modern peoples is their national debt. Hence, as…
Engaging friends from the Balkans and Eastern Europe
byThis morning, I addressed on behalf of TCC twenty young people at a ‘Balkans and Eastern Europe Regional Youth Conference’, hosted in London. Under…
A useful nod for the Austrian school of economics?
byA few days ago I represented The Cobden Centre by speaking at an International Leadership Summit in Opatija, Croatia. It was a grand affair,…
The Laffer Curve and the limits of the state
by“I’m mortified to have to pay 50%!” So said the phenomenally successful singer Adele in an interview with Q magazine. And why shouldn’t she…
Gold is not in a bubble; paper money is collapsing
byFrom Paper Money Collapse, 23 May 2011. The widely-read Lex column in today’s Financial Times ran an article on gold ETFs (exchange-traded funds) that…
Is raising the debt limit good for the US economy?
byU.S. Treasury Secretary Geithner said in a letter to Senator Michael Bennet, a Colorado Democrat, that a default arising from failing to raise the…
Beyond Repair – This will not have a happy ending
byThe main problem with having discussions about economics and financial markets is this: People look at these complex phenomena through entirely different prisms; they…