That US debt ceiling and the Fed
byWe are now into a second week of a partial Federal Government shut-down, which is causing considerable concern, centred on the Government’s ability to…
Inflation
The 80/20 rule
byRecent statistics are confirming “economic recovery” in the UK and even some of the weaker eurozone states. I put this in quotes, because what…
No tapering, no surprise
byIt was not too surprising that there is going to be no tapering for some very good reasons. The commencement of tapering would have…
The German way of 1923
byI chanced this morning on the superb collection of essays from Ludwig von Mises, The Causes of the Economic Crisis and Other Essays Before…
The injustice of easy money is going mainstream
byThe Daily Mail reports Interest rates: How keeping them at a record low is a deliberate government ploy to pay off its debts: A stealth…
Price inflation approaching
byThere is some evidence in the UK of a pick-up in consumer spending, probably echoed elsewhere. There are two likely factors behind this, the…
Bank reform demands monetary reform – an essay for Banking 2020
byThis article was published yesterday at stevebaker.info. Today sees the return of the Financial Services (Banking Reform) Bill to Parliament. It does not do enough. In…
Enter the Guv’nor
by“Mark Carney, the new governor of the Bank of England, could hardly have timed his arrival better. Even before he launched his bid to…
Japan’s easy money tsunami
byThe Bank of Japan has embarked on one of the most inflationary policies ever undertaken. Pledging to inject $1.4 trillion dollars into the economy over the…
Gold is money not because it is scarce but because it is abundant
byThe Honorable Ron Paul says: Why is gold good money? Because it possesses all the monetary properties that the market demands: it is divisible,…