Weird scenes inside the gold mine
by“The modern Keynesian state is broke, paralysed and mired in empty ritual incantations about stimulating ‘demand’, even as it fosters a mutant crony capitalism…
Japan
The rise of the money cranks
byIt’s official: global economic policy is now firmly in the hands of money cranks. The lesson from the events of 2007-2008 should have been…
Cyclical déjà vu
byThough it might seem a churlish observation to make amid so much barely-suppressed exuberance about the prospect for the markets in 2013, in many…
The walking dead
by“A formidable set of difficulties is encountered when we ask what there is left of the notion of monetary neutrality for a society which…
Why Japan should not fight deflation
byOn January 22, 2013 policy makers of the Bank of Japan (BOJ) voted for a 2% inflation target, to be achieved “at the earliest…
A conversation with John Llewellyn
byNot your typical Cobden Centre interview, but hopefully thought-provoking … John Llewellyn is one of the most highly regarded economists in Europe, having worked…
Japan in 2013
byThe Japanese government for the last twenty three years has employed the Keynesian tools of deficit spending and more recently the monetarist policies of…
A trip to the Japanese Currency Museum
byYou probably didn’t know there was a Japanese Currrency Museum, did you? Well, neither did I until I found myself stood outside it one Saturday…
A Gedankenexperiment with Flour
byImagine a country where the average household routinely spends half its $100 income on buying in 4,000 calories a day of flour and half…
Riots and earthquakes are good for business
bySeveral thoughts pirouetted across my mind as I watched the coverage of Saturday’s protest and riots. I wondered why anti-capitalists were wearing clothing with…