Where to from here?
byWe face one of the deepest crises in history. A prognosis for the economic future requires a deepening of the concepts of inflation and…
Irving Fisher
The Keynesians’ new clothes
byIt might seem like yesterday to some but it was already in 2009 that politicians in Europe began to talk about ‘austerity’, a concept…
All power to the state! – money madness at the IMF
byYou cannot escape an all-pervasive sense of crisis these days. Impending doom does not only announce itself in actual events but also via the…
Loose monetary and fiscal policies, not high levels of debt, are the real economic threat
byIn his Outside the Box E-Letter February 13 2012, respected economic commentator John Mauldin presents an interview with Dr Lacy Hunt, a highly regarded…
Banking: From Bagehot to Basel, and Back Again
byAs reported yesterday on Mises.org, there were some very encouraging statements in Mervyn King’s Monday speech to the Buttonwood Gathering in New York. King…
Ten plans for financial reform
bySince The Cobden Centre was established by original founder Toby Baxendale, Dr Tim Evans, Dr Anthony J Evans and the author, we have assembled…
Reliving the 1930s
byWhy 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 Emperor’s New Clothes: How to Pay off the National Debt & Give a 28.5% Tax Cut
byI offer a £1,000 reward for anyone who can tell me why this logically won’t work, practical politics, for now, being another matter. What…
Irving Fisher, 100% Money, 1935
byIrving Fisher’s “100% Money” is remarkable in the context of our present credit crunch. While The Cobden Centre pursues copyright permission to scan and…