Last night, I caught up with Martin Wolf’s November programmes for Radio 4 Analysis, which you can find here. He offered a predictable blend of commentators calling for more money printing, world central banking and greater global governance. It prompted me to look out Monetary Theory and the Trade Cycle […]
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A speech on the monetary factors affecting jobs and growth
Yesterday, in the debate on jobs and growth, I said: We are in the midst of this jobs and growth crisis, so I feel that we should ask ourselves where jobs and growth came from, where they have gone and where they will come from in future. I went on […]
Read MoreThe government did it: The Austrian Theory of the Trade Cycle and other essays
This wonderfully short book of just 120 pages explains through four essays, the influence of money and the capital structure of production on the trade cycle. The authors are Mises, Haberler, Rothbard and Hayek. Each essay is short, approachable and insightful, while pointing to more detailed literature. Consider for example, […]
Read MoreBank of England set to pump cash into economy
With the Bank of England set to create new money out of nothing, I offer pointers to two articles which explain how this increase in the money supply will further impoverish the poor and those on fixed incomes, and how the move will diminish the chances of a sustained recovery. […]
Read MoreMoney, Bank Credit and Economic Cycles
Jesus Huerta De Soto’s book, “Money, Bank Credit and Economic Cycles” arrived today, all 875 pages of it. It is, apparently: by far the most thorough treatment in print of Austrian ideas on banking and the business cycle It looks insightful already (from the preface to the second, 2001, edition): […]
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