Via The Cobden Centre, The Crime Known as Quantitative Easing, a superb article by Robert Sadler: Rather helpfully, on the Bank’s website there is an explanation of how Quantitative Easing was supposed to improve the economy.  Quite clearly, the Bank explains that they purchased British Government bonds (gilts) and high quality (investment […]
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Five videos for a better-understood new year
Some of these videos are in a US context, but the concepts apply to the UK and Europe. (We’ll just have to raise the funds to have such things done in the UK…) On levels of debt: On the madness of QE and the current economic consensus: On the battle […]
Read MoreMises on inflation and destructionism
In researching a piece on QE, I found this from Mises’ Socialism, which can stand alone for the moment. Here, by “inflation”, Mises means an increase in the money supply, which causes price rises. For Mises, “Destructionism” is the socialist strategy of tearing down the existing order in the hope […]
Read MoreFT.com / US & Canada – Fed moves towards monetary easing
Via the FT, we find Fed moves towards monetary easing. This would be a disaster. Related articles: The Cobden Centre: The Staggering Economic Errors Behind The Policy of Quantitive Easing and how QE harms the ordinary person: The violation of Mr Smith Stewart, The Cat is out of the Bag The Mises Institute: The Insolvency of […]
Read MoreNew Labour and quantitative easing
In the course of scheduling a series of articles for The Cobden Centre on the Theory of Money and Credit, I found this quote which seems apposite after our recent spell of “quantitative easing”, the injection of new money into the economy, also known in some circles as inflation of the […]
Read MoreQuite a week for The Cobden Centre
With Dr Tim Evans joining the Cobden Centre as Chief Executive and after the publication of a number of substantial new Insight articles, it has been quite a week for The Cobden Centre. Today, Toby Baxendale has published a refutation of the mechanistic Quantity Theory of Money, the theory on […]
Read MoreThe Cobden Centre: What is money?
Writing for The Cobden Centre, I ask “What is money?“: In their working paper “Assessing UK money supply measures in the light of the credit crunch”, Toby Baxendale and Anthony J. Evans provide a better measure of the money supply. In this article, Steven Baker explores the background to the […]
Read MoreFTSE 100: stock market has best month in more than six years – Telegraph
Via FTSE 100: stock market has best month in more than six years – Telegraph: The stock market has enjoyed its best month in more than six years, boosting the savings of millions of investors and bringing hope that the worst of the recession may be over. The FTSE 100 […]
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