No tapering, no surprise
byIt was not too surprising that there is going to be no tapering for some very good reasons. The commencement of tapering would have…
Monetarism
Time and Money
byContinued from Et in Arcadia ego Here we come full circle, for what this essentially presumes is that there exist no means by which to…
Scylla & Charybdis
byContinued from The Divinity School debate. The devotees of monetarism start from the observation that what they call ‘money’ tends to move in a…
The Divinity School debate
by“…the stoppage of issue in specie at the Bank [in 1797] made no real addition to the financial powers of the country. On the…
The Central Bank Revolution I (well ‘nominally’ so)
by“The Checklist Manifesto – How to get things right”, is a masterful book for its narrative and practical application. Written by Atul Gawande, an…
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…
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…
Fraud
byThis is a documentary that is long overdue, written from the perspective of the Austrian School. These are the economists of Business Cycle Theory…
In defence of the euro: an Austrian perspective
byWith a Critique of the Errors of the ECB and the Interventionism of Brussels 1. Introduction: The Ideal Monetary System Theorists of the Austrian…
Gold bugs will be vindicated
byIn recent weeks, while the eurozone has suffered escalating levels of systemic stress in government bond markets and its banking system, the gold price…