A matter of interest – part 2
byContinued from Part 1 … To recap the lesson we have drawn here: if there is a great urgency about demand for the means of…
Richard Cantillon
The curse of the reserve currency
byIs reserve currency status an economic blessing or a curse? The answer might seem obvious, as reserve currencies have been shown to confer lower…
The loss of trust and the Great Disorder
byAt its most fundamental level, economic activity is no more than an exchange between strangers. It depends, therefore, on a degree of trust between…
The fallacy of nominal GDP targeting
byIn a truly remarkable piece for the Financial Times yesterday, Wolfgang Münchau took another swipe at the Euro-sceptic and ECB-critical community in Germany, which he accuses…
Richard Cantillon: An Essay on Economic Theory
byI have just stumbled upon a new translation of Cantillon’s “An Essay on Economic Theory” (Essai sur la Nature du Commerce en Général), rewritten…