The infantilisation of financial services
byVia Bank plans to cap risky mortgages – Telegraph: Mortgage lending would be “capped” to stop borrowers taking out risky loans under radical Bank of…
Lending
Good article on Naked Capitalism
byBy way of nakedcapitalism.com this excellent article from washingtonsblog.com on “Fictional Reserve Banking”: But whatever you think about fractional reserve banking, whether or not you agree…
The Crack-up Boom
byThis post is excerpted from Mises’ “The Causes of the Economic Crisis and Other Essays Before and After the Great Depression” which is available…
Buchanan: The Constitutionalization of Money
byJames M. Buchanan (Nobel Laureate, economics, 1986) on reform of the monetary regime through constitutional 100% reserves: The market will not work effectively with…
A day of reckoning: how to end the banking crisis now
byDrawing on the work of Nobel Laureates in economics from three traditions, plus numerous other distinguished scholars, Cobden Centre Chairman, economist and successful entrepreneur…
Moneyweek: Japan leads the way… through a minefield
byOver at Moneyweek, Bill Bonner argues in a subscriber-only article that ersatz money is a flop. Bonner describes John Law‘s disastrous paper money scheme…
The kindness of geniuses
byI once saw an advertisement for a book that would apparently reveal the secret of making a profit in the foreign exchange markets. I…
Bastiat’s Iceberg: A Sean Corrigan Masterpiece for Christmas
bySean Corrigan of Diapason Commodities Management packs more sound applied economics into this report than ever: Toby Baxendale provides a commentary. This is a…
There’s only one escape from our debt trap – Telegraph
byVia Edmund Conway at The Telegraph we learn that the debt today cannot be inflated away: In fact, around four fifths of the state’s debt…
What is wrong with banking, part 1: the legal nature of banking contracts
byThis article gives a summary of the legal nature of banking contracts as presented by Jesús Huerta de Soto in Money, Bank Credit and…