For honest money and social progress
We are pleased to republish here an excellent article by Dr. Richard Ebeling, Professor of Economics at Northwood University. The article originally appeared in…
There are many possible routes to sound money. On the 18th of May, I outlined my plan to reform the banking system. Yesterday we…
Gordon Kerr’s second address this year at the European Parliament was at a meeting of the European Enterprise Institute. The meeting was chaired by…
With a hat tip to Associative Economist, Arthur Edwards, we reproduce below an excerpt from Riegel’s book The new approach to freedom. The Right-Wing…
I praise the Coalition government for their first brave attempt to tackle the £156 bn deficit with their £6 bn of net cuts. This,…
So, in a recent editorial, the FT’s Great Thinker, Martin Wolf, has been fretting that we are about to undergo a period of what…
Why is the money supply dependent on interest rates and government spending?
It turns out the great economist Irving Fisher told us back in the 1930s: banks create and destroy credit money by granting and calling loans. As Fisher wrote:
“Thus our national circulating medium is now at the mercy of loan transactions of banks; and our thousands of checking banks are, in effect, so many irresponsible private mints.”
The Cobden Centre is delighted to invite you to its Annual Lecture and Drinks Reception to be held on Wednesday 9th June 2010 between…
With what Mr Spock might call the fascinating financial news stories we have all seen in the last week or so, most people are…
In their working paper Assessing UK money supply measures in the light of the credit crunch, Toby Baxendale and Anthony J. Evans provide a better measure of the money supply. In this article, Steven Baker explores the background to the paper and indicates some key findings.