Darius Guppy is spot on about the bank credit creation process
byVia Darius Guppy: our world balances on a sea of debt What is needed is a root and branch re-evaluation of that most curious…
monetary policy
Alchemists of Loss, Prof. Kevin Dowd
byWe are delighted to announce a forthcoming book by Cobden Centre Senior Fellow Professor Kevin Dowd and US-based journalist and former investment banker Martin…
Banking: the shape of the debate
byShould banks be permitted to operate with a fractional reserve on demand deposits or should 100% reserves be a legal requirement? Should there be…
A brief guide to money and banking
byToday, we publish our brief guide to money and banking. The Guide comprises: Four charts showing how Baxendale and Evans’ measure of the money…
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…
The Zimbabwe Stock Market
byThis is a great news report from Zimbabwe via Al Jazeeera. It examines the ‘fantastic returns’ on the Zimbabwe stock exchange – and how…
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…
Labour’s dishonesty is leading us down the road to sovereign default – Telegraph
byVia Labour’s dishonesty is leading us down the road to sovereign default, Liam Halligan launches a scathing attack on Alistair Darling, Gordon Brown and…
The Micropolitics of Free Market Money: a Proposal
byThis paper originally appeared as Economic Notes No. 39, published by the Libertarian Alliance in 1992. The Paper is available in full here. This…
The Error of Government Spending by Way of the Magic & Mythical Multiplier
byOne of the most persistent economic fallacies that permeates economics and politics is the notion that by government spending money, there will be more…