The Errors of Posen, New MPC Recruit
byNorma Cohen in the Financial Times of 26 October 2009 wrote: Britain’s economy cannot recover unless its damaged banking system is restructured, the newest…
Money
FT.com / Martin Wolf – Why curbing finance is hard to do
byWriting in The Financial Times, Martin Wolf explains “Why curbing finance is hard to do”, discussing the separation of “utility” and “casino” banking and…
Material Evidence – bonds and new money
bySean Corrigan’s Material Evidence: bond yields, new money, state borrowing and the difficulty of making sound business decisions in the present environment. Read the…
The Sub-Prime Debacle – What Will Future Historians Say?
byLiam Halligan has kindly agreed to publication of the transcript of his address to the Cobden Centre/Libertarian Alliance dinner on 30 September 2009. INTRODUCTION…
FT.com / Martin Wolf – Why narrow banking alone is not the finance solution
byFT columnist Martin Wolf considers narrow banking and 100% reserves. The FT has a new series on the future of investment. But what, I…
Is a Liquidity Trap Possible? Beware of those who do not understand the Structure of Production.
byThe essential idea of a Liquidity Trap as expounded by J M Keynes in this “General Theory” is that there is a point in…
Animal Farm
bySept. 17 (Bloomberg) — Private investors in China, the world’s largest metals user, have stockpiled “substantial” quantities of copper as the government ramps up…
Pound Whacked After Mervyn King Admits : QE Isn’t Working – Guy Fawkes’ blog
byTaking a line with which we closely identify, Guido writes Pound Whacked After Mervyn King Admits : QE Isn’t Working: The pound is getting whacked…
Gordon Brown, the Destroyer of our Economy
byThe Cobden Centre’s Chairman, Toby Baxendale, explores Gordon Brown’s total responsibility for the meltdown of the UK economy. It is said that the USA…
Don’t regulate banking – liberalise it
byWriting in the Guardian, Dr Anthony J Evans calls for liberalisation of banking. Barack Obama’s speech on Monday to Wall Street outlines an overhaul…