I spoke yesterday to the European Young Conservatives on the origins of the crisis in excess state power, deficit spending, debt and debasement. Here are the slides: And this morning, I spoke on the morality of taxation alongside Syed Kamall MEP, Cllr J P Floru and Matthew Elliott of the TaxPayers’ Alliance. My remarks are here: PDF. My central message was the same on both occasions: if we really care about human welfare, especially the welfare of the poor, we need to […]
Tag Archives: Money
There was a beautiful symmetry to last week’s policy announcement by the Fed. Precisely a week after the ECB had pledged its commitment to unlimited purchases of Euro Zone government bonds, the Fed declared that its new round of debt monetization – ‘quantitative easing’ or QE3 – would be open-ended. Read the rest of the article by my Cobden Centre colleague, Detlev Schlichter: Stimulus, to infinity and beyond.
After much that I have said, written and done, this gives me some satisfaction: The gold standard has returned to mainstream US politics for the first time in 30 years, with a “gold commission” set to become part of official Republican party policy. via Republicans eye return to gold standard – FT.com.
Faced with the prospect of a global collapse in the banking system, the Chancellor took the decision to bail out the banks by dumping Britain’s gold, forcing the price down and allowing the banks to buy back gold at a profit, thus meeting their borrowing obligations. via Revealed: why Gordon Brown sold Britain’s gold at a knock-down price – Telegraph Blogs. My review of Gold Wars is here. I would not be at all surprised if the thrust of the […]
At The Cobden Centre, Detlev Schlichter explains that, The biggest threat to your property and to your individual liberty does not come from markets and not even from the bankers. It comes from politics. I feel sure he is right. We’ve had decades of excessive political promises paid for by high taxes on people of ordinary incomes, deficit spending, national debt and currency debasement. That has inevitably caused a financial, economic and social crisis. And yet still it seems politicians and […]