What are economists for?
by“Most economists, it seems, believe strongly in their own superior intelligence and take themselves far too seriously. In his open letter of 22 July…
Inflation
Laundered money
by Joseph T. SalernoUnder cover of its multiplicity of fabricated wars on drugs, terror, tax evasion, and organized crime, the US government has long been waging a…
A three-way split
by Sean CorriganWhatever residual worries there were going into the deadline for the Greek deal, they did not seem to have impacted sentiment elsewhere, as it…
My big fat Greek bailout
by Detlev SchlichterGreece was bailed out for the second time in four months. Or did it default? Well, a bit of both, I guess. All bondholders…
Why do savers distrust the banks?
by Dr Tim EvansSimon Rose and his colleagues at Save Our Savers are good friends of The Cobden Centre. Anyone doubting the rising concern of millions of…
Old wine
by Sean CorriganAs regular readers of these scribblings have hopefully come to appreciate, this is not the place to come to slake your thirst for mechanistic…
The destruction of savings by inflation
by Alasdair MacleodIn the past, insurance companies and pension funds have been keen to advertise the benefit of compounding arithmetic for savings. Over the last 30…
Katastrophenhausse
by Alasdair MacleodMainstream economists seem to have a problem understanding prices. They might draw supply and demand curves and talk about elasticity. They are sure to…
What does a credit rating mean?
by David HowdenCredit ratings agencies have come under fire for not being proactive enough in recognizing bad sovereign risks. Even if the ratings agencies were a…
FEDging the figures
by Alasdair MacleodBoth the US Federal Reserve and the European Central Bank are now offering limitless quantities of new money – the ECB to support the…