On 1 February, I caught up with Dave Fishwick, star of Channel 4’s fantastic series Bank of Dave: Convinced that he can do a better job than the high street banks, Dave Fishwick sets up his own small bank and endeavours to make it profitable – in just 180 days […]
Read MoreIn my maiden speech in the Commons, I explained how central banks and easy money produce the economic dislocations which result in the business cycle. As the economics posts on this site attest, I have consistently defended the view that our economic difficulties are rooted in the chronically inflationary system […]
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A lady in Wycombe recently asked me the following questions: Why is my house valued higher than its worth? Why do crashes keep happening every 8 years? Who owns the money supply and how does it relate to gold? Why haven’t I had cost of living pay rise for 7 […]
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The Federation of Small Businesses (FSB) and the British Bankers’ Association have identified five steps you can take to ensure your business loan application has the greatest chance for success. 1. Develop a robust business plan – Your business plan is crucial to demonstrate the businesses financials, showing that you […]
Read MoreI chanced this morning on the superb collection of essays from Ludwig von Mises, The Causes of the Economic Crisis and Other Essays Before and After the Great Depression (PDF). In his Stabilization of the Monetary Unit—From the Viewpoint of Theory written in 1923, he showed considerable foresight: Only the […]
Read MoreThe Daily Mail reports Interest rates: How keeping them at a record low is a deliberate government ploy to pay off its debts: A stealth raid by the Bank of England has stripped savers of more than £170billion, a Money Mail investigation can reveal. By slashing the base rate to a […]
Read MoreToday sees the return of the Financial Services (Banking Reform) Bill to Parliament. It does not do enough. In the book Banking 2020: A vision for the future, my essay summarises the institutional problems with our monetary and banking orthodoxy: The features of today’s banking system As Governor of the Bank of England […]
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The second reading of the Financial Services (Banking Reform) Bill is today. This is the main debate on the principle of the Bill. It was previously provisionally scheduled for last Monday. I have found myself assigned to statutory instrument committees on both occasions, potentially preventing me from speaking in the […]
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Dave Fishwick is a remarkable man. A self-made entrepreneur, he knows good business builds up society. So when he realised the banks were failing both savers and productive businesses, he set up Burnley Savings and Loans as a step towards a “tiny, tiny bank”. Dave personally guarantees customers’ savings out […]
Read MoreYesterday, I attended the latest meeting of the All Party Group on Interest Rate Swap Mis-selling, which affects a number of local businesses. Both the products and the process of clearing up after them are causing a great deal of distress and difficulty. As well as giving direct support to […]
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