Competition and Finance
by[Editor’s note: The Cato Institute will be publishing Cobden Senior Fellow Kevin Dowd’s work “Competition and Finance” for free in ebook format. The following…
monetary policy
New private monies can outcompete government monetary systems
by[Editor’s note: this article was originally published by the IEA here] I would like to thank the IEA for today publishing my monograph, New Private…
ECB embraces QE faulty logic
byEditor’s note: this article, under the title “No end to central bank meddling as ECB embraces ‘quantitative easing’, faulty logic” appears on Detlev Schlichter’s…
Money derivative creation in the modern economy
byIt isn’t often that a Bank of England Quarterly Bulletin starts “A revolution in how we understand economic policy” but, according to some, that…
Five years of disastrously low interest rates have left Britain addicted to cheap credit
byThis article originally appeared in The Telegraph on 5 March 2014. It is reproduced by permission of the author. Five years ago today, the Bank…
The madness of contemporary economists
byThe Bank of England is considering negative interest rates to “stimulate” the economy, together with more QE. It’s one thing to pay a bank…
Ron Paul’s monetary policy anthology
byI received an email the other day from Paul-Martin Foss, Legislative Assistant at the Office of Congressman Ron Paul: Dear Friends of Dr. Paul,…
Did the savings glut or massive monetary expansion cause the boom and the bust?
byAmbrose Evans-Pritchard recently pinned the blame for the financial crisis on “Asia’s `Savings Glut’”. This idea is not new. For readers who may have missed…
Speech on the Financial Services Bill
byUnder the heading, Osborne looks to limit damage of ‘credit busts’, the FT gives a neat summary of the Chancellor’s plans. In particular: He…
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. […]