A New Year’s Resolution for the Bank of England
byThe One Hundred Twelfth United States Congress opened the year with a reading of the American Constitution. Though this was probably more of a…
Inflation
The logically contradictory and “terrifying” deflationary spiral fallacy
byOne of the most persistent and dangerous myths of modern economics, and especially economic policy, is the idea that deflation, defined as a general…
Banking, Inflation and Recessions
byThe Adam Smith Institute has recently published videos of their Liberty Lectures, held at Cass Business School last August. The room was overflowing with…
Incredible shrinking money
byThe UK’s shilling (5p) over time 1916 to today. (All coins are equivalent to one twentieth of a GBP pound sterling, 5p today) Over…
Evidence to Independent Commission on Banking
byEvidence submitted to the Independent Commission on Banking, September 26, 2010 The Terms of Reference from HM Treasury to the Independent Commission on Banking…
Why the policy of price stability leads to more instability
byThe whole idea of price stability originates from the view that volatile changes in the price level prevents individuals from clearly seeing market signals…
Halligan: QE now seen as an aggressive depreciation tool
byAnother superb article from Liam Halligan: While the US has doubled its monetary base over the last 18 months, the UK’s base money supply…
I’m sure I had another tenner here somewhere
byIt’s the injustice of the current system that feels so appallingly wrong. If you do not work in the financial services industry or for…
Peter Schiff: Après moi, le déluge
byIn his usual delicate and roundabout way, in the first of two new videos, Peter Schiff criticises several recent media articles about how a new…
Don’t worry! The Bank of England has it all under control
byI was amused to read the recent UK inflation reports. The ONS said that in July it “fell” from 3.2% from 3.1% in June….