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…
Interest
Incredible confusions, Part 2: Of interest and the dangerous habit of suppressing it
byThe idea that the charging of interest is unethical and should be banned has a long tradition in the history of human civilisation. It…
My Journey to Austrianism via the City
byI have spent the best part of the last two decades pitting my wits against the market. It’s an unforgiving game: I’ve seen ups and downs, and many of my rivals buried under an avalanche of hubris, passion, illogical thought and unchecked emotion.
I have witnessed the sheer folly of the ERM crisis, the Asian crisis, the failure of the Gods at Long Term Capital Management and the insanity of the tech boom.
I have enjoyed the ‘NICE’ decade (Non-Inflationary Constant Expansion), and scared myself silly during the credit crisis.
I am a trader. […]
Money is not working.
byA speech to the Policy Exchange on 31st March 2009 by Cobden Centre sponsor James Tyler. This article first appeared on hedgehedge.com but it…
Thought for the day: should we pay the BoE £9bn pa in interest?
byIn November, I asked this Parliamentary question: Steven Baker (Wycombe, Conservative) To ask the Chancellor of the Exchequer how much debt interest has been paid…
De Soto and the Relevance of his Banking Reform Proposal Today
byThis has been copied from Money, Bank Credit, and Economic Cycles which can be downloaded here or bought here. PREFACE TO THE SECOND ENGLISH…
Interest and industrial equipment
bySean Corrigan points out how the USA’s interest bill is twice the size of all private gross spending on industrial equipment! There has been a…
A brief guide to money and banking
byToday, we publish our brief guide to money and banking. The Guide comprises: Four charts showing how Baxendale and Evans’ measure of the money…
The ESCP Europe/Cobden Centre Colloquium on Sound Money
byThrough tomorrow and Saturday, ESCP Europe and The Cobden Centre are hosting a Colloquium on Sound Money. The Colloquium is to be directed by…
How to avoid future encounters with financial meltdown
byCobden Centre Advisory Board member and Chief Executive of Tyler Capital, James Tyler, sets out the case for 100% reserve banking. Background In October…