Via Atlas Shrugged: Is Hollywood about to destroy a classic? » The Cobden Centre, a brilliant quote from Atlas Shrugged: Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a […]
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Bagehot’s REAL opinion » The Cobden Centre
Walter Bagehot was the author of the seminal 1873 book on banking Lombard Street: A Description of the Money Market (read online, buy), which seems often to be taken as a justification for the present monetary orthodoxy, including the actions of central banks: I know it will be said that in […]
Read MoreWhen Money Dies
Well, here’s food for thought: When Money Dies: The Nightmare of the Weimar Hyper-Inflation. I think it is clear that we are not yet in that territory, but this chart is worth bearing in mind: More anon…
Read MoreLegatum: Euro set to fall apart one by one, warn top economists
I just received a press release from Legatum as follows: Eurozone set to fall apart one by one, warn top economists The small, debt-ridden countries on the fringes of the European Union will soon start dropping out of the Euro, according to a major new report by two top economic […]
Read MoreSpeech on banking, yesterday
Yesterday, I spoke in the Chamber during the backbench banking debate. Here’s an extract: To challenge the terrain of this debate, I should like to take the House back to a landmark in the development of British monetary and banking orthodoxy-the Bank Charter Act 1844, also known as Peel’s Act. It […]
Read MoreThe Theory of Money and Credit
I am trying to work out what would be the best use of inevitably limited time in tomorrow’s banking debate. This particularly came to mind, via The Theory of Money and Credit by Ludwig von Mises: The business of banking falls into two distinct branches: the negotiation of credit through the […]
Read More1989: Competing Currencies Proposed for Europe by the Treasury
Via Note from Her Majesty’s Treasury on EMU (Novembre 1989): The European Council agreed at its meeting in Madrid in June to launch the first Stage of economic and monetary union (EMU) on 1 July 1990. The Council also confirmed the objective of the progressive realisation of EMU but did not […]
Read MoreThe Conference — Positive Money
Today, Cobden Centre comrades and I are off to inject some Austrianism into the Positive Money conference. As you can tell from the Cobden Centre’s literature page, we are not afraid to work with other schools of thought — there are significant areas of overlap. For example, from the conference home […]
Read MoreLSE Hayek Lecture 2010: Prof Jesús Huerta de Soto
LSE Hayek Lecture 2010: Professor Jesús Huerta de Soto from Cobden Centre on Vimeo. See also his books: Money, Bank Credit and Economic Cycles (PDF, buy) Socialism, Economic Calculation and Entrepreneurship (buy)
Read MoreSteve Baker MP: Honest Money and the Future of Banking » The Cobden Centre
Via The Cobden Centre, video of my presentation on Saturday: Slides:
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