Hayek and monetary stabilization
byThis article was first published at the Adam Smith Institute on Saturday, 30 July 2011 At the Hayek v Keynes debate at the LSE…
Quantitative Easing
Market Thoughts: Commodities, U.S. Treasuries, Greece
byAccording to the mainstream press, the reason behind the present sell-off in commodities – and in many so-called ‘risk-assets’ (stupid really, all assets are…
The Delayed Effect of Printing Money via Quantitative Easing
byGold reaches £913 per ounce If political leaders and central bankers think that they can curb the currency debasing effect of QE merely by…
A Gedankenexperiment with Flour
byImagine a country where the average household routinely spends half its $100 income on buying in 4,000 calories a day of flour and half…
Thought for the day: should we pay the BoE £9bn pa in interest?
byIn November, I asked this Parliamentary question: Steven Baker (Wycombe, Conservative) To ask the Chancellor of the Exchequer how much debt interest has been paid…
The Crime Known as Quantitative Easing
byRecent economic data has convinced the Bank of England not to expand its Quantitative Easing program. According to the Office of National Statistics, annual…
The violation of Mr Smith
byForty years ago today, Britain moved to decimal currency. A 1971 penny was worth the equivalent of today’s 10p. In recognition of this dramatic…
Liam Halligan: Does a surge in food and oil prices mean that it’s now time to panic?
byAnother excellent piece from Mr Liam Halligan, in this morning’s Sunday Telegraph, who has spotted where all of that money — that Ben Bernanke has…
Liam Halligan: Why I believe Tim Congdon is on losing side of monetary easing argument
byAs a hardcore Rothbardian myself, I could quibble with one or two of the things that Mr Liam Halligan has written in his latest…
Bloomberg: Fed May Hesitate on More Easing After Critics Question Mandate
byFed May Hesitate on More Easing After Critics Question Mandate It was with a certain wry amusement that I read on Bloomberg about how…