Halligan: QE now seen as an aggressive depreciation tool
byAnother superb article from Liam Halligan: While the US has doubled its monetary base over the last 18 months, the UK’s base money supply…
Quantitative Easing
CentreRight: On economic forecasting and double-dip recession
byOver at CentreRight, I have set out briefly the mistake presently being made by policymakers in the US, which I expect to be mirrored in…
The Cat is out of the Bag
byTim Congdon’s recent article, for the excellent Critical Reaction website, illustrates only too clearly the MPC’s complacent disregard for its remit to target inflation at 2%.
Ambrose Evans-Pritchard: With the US trapped in depression, this really is starting to feel like 1932
byAEP is a deeply frustrating writer because although he seems capable of understanding what is happening in an almost Austrian-lite fashion — with the…
Bank of England made £8bn profit from quantitative easing fund
byLet us be generous to the Bank of England. Let us avoid quibbling about that original £198bn of ‘quantitative easing’ coming from out of…
What is money?
byIn their working paper Assessing UK money supply measures in the light of the credit crunch, Toby Baxendale and Anthony J. Evans provide a better measure of the money supply. In this article, Steven Baker explores the background to the paper and indicates some key findings.
The Mystery of Banking
byIf What Has The Government Done To Our Money? is an hors d’oeuvre, then The Mystery of Banking is the main appetiser in our…
Laurence Kotlikoff’s “Jimmy Stewart is Dead”
byJimmy Stewart plays George Bailey who is cast as the “honest” and trustworthy banker in the classic Hollywood film, “It’s a Wonderful Life.” Kotlikoff’s…
The Limits of Monetary Policy
byThis post is taken from Mises, The Theory of Money and Credit (1934), chapter 13 Monetary Policy (PDF, HTML), covering the limits of monetary…
Inflationism
byThis post is taken from Mises, The Theory of Money and Credit (1934), chapter 13 Monetary Policy (PDF, HTML), covering inflationism. Follow this link…