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 — […]
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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 […]
Read MoreA 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 […]
Read MoreI’m sorry, I haven’t a clue! » The Cobden Centre
Strong stuff from Sean Corrigan – I’m sorry, I haven’t a clue! » The Cobden Centre: It was a signal feature of the week that one of the few Grand Wizards of the global Oz in which we live not to give vent to a risible display of reality denial […]
Read MoreGreece and the economic patterns of today
Via Sean Corrigan’s Et in Academia ego » The Cobden Centre, following a consideration of the predicament of Greece: So, rather than relying on the snake oil salesmen to tell us how we should think, let us go back to the basics for a moment to see if they will […]
Read MoreFinancial regulation and the deception of government intervention » The Cobden Centre
I have written today on financial regulation for The Cobden Centre: In the aftermath of the financial crisis, we are now going down a road towards ‘judgement-based’ regulation of financial firms in an attempt to salvage capitalism. It is proposed that firms will be supervised by what amount to shadow management […]
Read MoreBig winners in crises: The banks
The battle between banks and nation states is shaping up as something that lies between a phony war and a rout. The bald facts are that three years after the crisis in which banking almost brought down the global economy, the biggest banks are bigger, more global and more entrenched […]
Read MoreInflation explained
Further to Quantitative Easing Explained, Inflation Explained: So inflation is a policy which hurts the poor while it helps certain types of rich people? Indeed, which is why we need fundamental bank reform: the banking system is institutionally inflationary and that is ruining society. Further reading here.
Read MoreAre Carswell and Baker Really So Wrong? » The Cobden Centre
Over at the Cobden Centre, one of our friends in a central bank reflects on the Banking Commission’s interim report and asks, Are Carswell and Baker Really So Wrong? As reported by Gordon Kerr, the Independent Commission on Banking issued its Interim Reportlast Monday. The Commission’s mission is to propose structural and other […]
Read MoreCobden Centre Radio » Detlev Schlichter
As a derivatives trader for 19 years, Detlev Schlichter resigned his position as a senior bond portfolio manager in 2009 to work full-time on this book, about fiat monetary systems and financial crises. He therefore knows of what he speaks. In this extensive and detailed interview, he explores with Brian […]
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