It’s time to end the cruel delusion of cheap money and reckless spending
bySteve Baker has written an article for today’s City A.M. calling for an end to the ‘cruel delusion of cheap money and reckless spending‘:…
Money Printing
Does the ‘recovery’ matter?
by Detlev SchlichterI was thinking of starting this blog with a cynical comment along the lines of, “last week equity markets came off, I think we…
My big fat Greek bailout
by Detlev SchlichterGreece was bailed out for the second time in four months. Or did it default? Well, a bit of both, I guess. All bondholders…
Infinite stupidity
by Detlev Schlichter“The unlimited resources” of the European Central Bank (ECB) is quickly becoming the new magic mantra in political commentary and financial market analysis, now…
Euroland: an Austrian view
by Alasdair MacleodIn the last two weeks the headlines have switched from Greece to Italy. Financial and economic commentators who dismissed Greece as a small cog…
Christina’s toxic cookbook
by Detlev SchlichterKeynesian and other mainstream economists cannot explain the present crisis. That doesn’t seem to bother them. All they can offer is a description of…
Europe’s future is coming into focus: hyperinflation
by Detlev SchlichterAs you know, my expectations were low to begin with. I did not expect the EU summit on the debt crisis to provide a…
Reasons to support sound money
by Alasdair MacleodSpeech to the Committee for Monetary Research and Education At the Fall Meeting, 20th October 2011. Before addressing the consequences of today’s macro-economic policies…
Big Trouble in Little China
by Sean CorriganDespite the general relief which greeted the release of China’s GDP data for the third quarter, as well as the still resilient industrial production…
Unstoppable: why this crisis will keep unfolding
by Detlev SchlichterWhen the tectonic plates underneath society shift, confusion reigns, together with wishful thinking. It appears that financial markets have again managed to get themselves…