Greece: deflate or default
byThe original worry was whether Greece would default. Then it became a question whether it should it default. Now it is a question of…
Sovereign Debt
Received wisdom
byMises was infinitely patient and kind with even the most dim-witted of us, constantly tossing out research projects to inspire us, and always encouraging…
Europe on the brink
byI came across this excellent report by Boone and Johnson from the Peterson Institute for International Economics on the mechanics of how the Eurozone…
A Band-Aid for a cancer patient
byThis was another hectic week for financial markets, and nerves were calmed somewhat over the past 24 hours with another liquidity injection from the…
The inconvenient truth about sovereign debt
byThe efforts of our political leaders to socialize the fallout from the financial crisis by means of the balance sheets of the government and…
Is raising the debt limit good for the US economy?
byU.S. Treasury Secretary Geithner said in a letter to Senator Michael Bennet, a Colorado Democrat, that a default arising from failing to raise the…
How much EU debt can be written off through cross cancellation?
byConsider this diagram showing the billions of euros that each of 8 EU countries owes the other. Whilst the numbers are far from perfect,…
The Debt–Inflation Cycle and the Global Financial Crisis
byPreviously published in Global Policy, Volume 2, Issue 2, May 2011 London School of Economics and Political Science. Peter J. Boettke and Christopher J….
A History Lesson for Johann Hari
by“The trouble with our liberal friends is not that they’re ignorant”, Ronald Reagan once said, “it’s just that they know so much that isn’t…
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…