Home » Posts tagged "Cobden Centre"

Tag Archives: Cobden Centre

On double-dip recession, Tullett Prebon rightly ask “What’s the big idea?”


Post Image

The latest strategy note from Tullet Prebon asks, “What’s the big idea?” with the subtitle “the imperative need for a new ideology”, writing: Effective government is not simply a matter of management. Even in good times, competence is barely enough. In bad times, ideological clarity is imperative, and the lack of a clear, ideas-based strategy is the black hole at the heart of the coalition administration. This chart is particularly informative: They comment, “The centre-right is in desperate need of a [...]

Tags: , , , , , , , , ,

Philipp Bagus explains how to overcome obstacles to Euro exit


Via Is there no escape from the euro? Intellectual honesty requires us to admit that there are important costs to exiting the euro, such as legal problems or the disentangling of the ECB. However, these costs can be mitigated by reforms or clever handling. Some of the alleged costs are actually benefits from the point of liberty, such as political costs or liberating capital flows. Indeed, other costs may be seen as an opportunity, such as a banking crisis that [...]

Tags: , , , ,

What kind of government? Looking forward to the budget


Post Image

Via the TaxPayers’ Alliance, this video explains vividly that the Government is spending £22,218 every second. In this week’s MoneyWeek, Merryn Somerset Webb’s editorial is titled “Slash spending and taxes”. She refers to Dr Tim Morgan’s work which explains that the economy has for too long been dependent on private borrowing and public spending and that, now these are “dead in the water”, 70% of the economy is incapable of growth. I have previously explained that this Government will be [...]

Tags: , , , , , , , , ,

Sean Corrigan: Still crazy after all these years


Via The Cobden Centre, Sean Corrigan reflects on the year from an economic perspective: So, here we are, drawing to the close of another year and still we struggle with the legacy of the last Boom, still we search around for macro economic Tooth-Fairy, ‘liquidity’ solutions to the problems caused by our earlier misallocations of capital instead of facing the fact that insolvent entities need to be liquidated and their assets put to work by people who’ve shown they can [...]

Tags: , ,

Via ZeroHedge: BBC Speechless As Trader Tells Truth: “The Collapse Is Coming…And Goldman Rules The World”


Via ZeroHedge, an interview which astonishes me only in as much as this has appeared on the BBC: As I have indicated again and again and again and again, our present economic system is in profound trouble and it will not be fixed by bailouts. We need money which holds its value: money which has meaning, not money which can be systematically debased to secretly cover politicians’ promises. As I said on the Vine Show recently, generations of politicians have failed us. [...]

Tags: , , , ,

Economics and King Canute


Via Phases of the crisis – are we approaching the endgame? » The Cobden Centre: “Let all men know how empty and worthless is the power of kings. For there is none worthy of the name but God, whom heaven, earth and sea obey”. So spoke King Canute the Great, the legend says, as waves lapped round his feet. Canute had learned that his flattering courtiers claimed he was “so great, he could command the tides of the sea to go [...]

Tags: , , ,

Article on the money supply at thejc.com


Post Image

Via Honesty is best policy | The Jewish Chronicle, my article on measuring the money supply: Ask economists how much money there is and you will get many answers. You know money is what you can exchange for real goods and services, but economists often include things like time deposits, which cannot be spent because they have fixed terms. Money is one half of every transaction, so its supply really matters. According to my colleague Dr Anthony J Evans of Kaleidic [...]

Tags: , , , , ,

The Austrians Were Right, Yet Again – Jeffrey A. Tucker – Mises Daily


Post Image

Via The Austrians Were Right, Yet Again, Jeffrey A. Tucker sets out the way it is in the USA: After three-plus years of floundering around, a consensus has finally arrived that we are back in recession. Growth is not happening. The meager statistical growth of the past few years — no one dared claim it amounted to full recovery — was probably illusory. He goes on to catalogue the government interventions which have been a failure before quoting some of [...]

Tags: , , , , , ,

The consequences of the impending national bankruptcies » The Cobden Centre


A fascinating perspective from Robert Thorpe at The Cobden Centre - The consequences of the impending national bankruptcies: The governments of Portugal and Ireland are waiting for Greece to default. If that happens then it will likely trigger the bankruptcy of several European banks*. This is the “Second Lehmann Brothers” the UK press have been discussing that could cause another financial crisis. I think such a crisis is likely to happen, but for political reasons more than economic ones. If one [...]

Tags: , , , , , , , ,

A useful nod for the Austrian school of economics? » The Cobden Centre


Via Dr Tim Evans, A useful nod for the Austrian school of economics? » The Cobden Centre: The session in which I spoke was headed ‘The Sovereign Debt Crisis and the Crisis of Sovereignty’ and my partners for the occasion were the British MEP Danniel Hannan and the former Prime Minister of Republika Srpska, Mladen Ivani?. Now, beyond the content of our presentations and the debate that ensued, what was really interesting to me about this venture was how every [...]

Tags: , , ,

← Older posts