Models, Damn Models and Statistics, or Math Gone Mad
byParliamentary committees are not especially noted for entertainment, but the November Treasury Select Committee hearing on the Bank of England’s Inflation Report is a…
Reform
Should economics emulate natural sciences?
byEconomists have always been envious of the practitioners of the natural and exact sciences. They have thought that introducing the methods of natural sciences…
Should governments impose stricter regulations on large firms?
byFrenchman Jean Tirole of the University of Toulouse won the 2014 Nobel Prize in Economic Sciences for devising methods to improve regulation of industries…
Understanding Deposit Insurance (I): Deposit Insurance is a Creature of the State
byDeposit insurance is one of the most misunderstood – and also most dangerous – forms of government intervention into the financial system. Let’s…
The crisis of interventionism, the end of globalisation, and the looming tech trade war
by“I say to all those who bet against Greece and against Europe: You lost and Greece won. You lost and Europe won.” –Jean-Claude Juncker,…
Is there room for Austrian ideas at the top table?
by[Editor’s note: now that Steve Baker MP is on the Treasury Select Committee, it should be of interest to all Austrianists, and those interested…
Welfare and the case for honest money
byI do not doubt that the Government is sincere in its wish to make Britain “open for business” and to deliver greater life chances…
My Journey to Austrianism via the City
byI have spent the best part of the last two decades pitting my wits against the market. It’s an unforgiving game: I’ve seen ups and downs, and many of my rivals buried under an avalanche of hubris, passion, illogical thought and unchecked emotion.
I have witnessed the sheer folly of the ERM crisis, the Asian crisis, the failure of the Gods at Long Term Capital Management and the insanity of the tech boom.
I have enjoyed the ‘NICE’ decade (Non-Inflationary Constant Expansion), and scared myself silly during the credit crisis.
I am a trader. […]
Despair and hope for monetary reform
byOn Saturday, I spoke again to set out the scale and scope of our financial and monetary mess and again, the audience welcomed the…
Tonight: Britain’s Trillion Pound Horror Story
byBritain’s Trillion Pound Horror Story will be transmitted on Channel 4, tonight Thursday, 11 Nov at 9pm: Film maker Martin Durkin explains the full extent…