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…
Gold
China’s gold strategy
byChina first delegated the management of gold policy to the People’s Bank by regulations in 1983. This development was central to China’s emergence as…
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…
Market failure
by“There are two ways of learning how to ride a fractious horse; one is to get on him and learn by actual practice how…
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…
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…
A difficult question
byIn a radio interview recently* I was asked a question to which I could not easily give a satisfactory reply: if the gold market…
Money, Macro & Markets
byFirst it was the government’s miraculous ability to deliver on-target GDP growth that got the permabulls bellowing again, then it was the striking (world-beating,…
Stagflation is, always and everywhere, a Keynesian phenomenon
byAlthough it might seem odd for a school of economics to largely ignore the role of money in the economy, this is indeed the…
Time for change in the London bullion market
by[Editor’s note: The Cobden Centre is happy to republish this commentary by Alasdair Macleod, the original can be found here.] The London bullion market…