Yesterday, the US Federal Reserve decided not to reduce its money creation programme of $85 billion a month. The Cobden Centre publishes a response, No tapering, no surprise: It was not too surprising that there is going to be no tapering for some very good reasons. The commencement of tapering would […]
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Lloyd George’s liberalism
This quote by Lloyd George has been suggested to me. It’s from “Carving the Last Few Columns out of the Gladstonian Quarry: The Liberal Leaders and the Mantle of Gladstone, 1898–1929”, in David Bebbington and Roger Swift (eds.), Gladstone Centenary Essays, p 253. The doctrine of Liberalism is a doctrine that […]
Read MoreNiall Ferguson reviews “Lords of Finance”
Via The great liquidity crisis – 94 years ago, Niall Ferguson provides an instructive review of Lords of Finance: 1929, The Great Depression, and the Bankers who Broke the World: By the summer of 1931, however, it was dawning even on Norman that the world economy was falling off a cliff. […]
Read MoreThe Big Society message in Wycombe today
There is such a thing as society – it’s just not the same as the state. — David Cameron Today, the Big Society message went out powerfully in Wycombe. I spent this morning visiting Coffee Nation‘s HQ, where Chief Executive Scott Martin and I discussed enterprise as the basis of […]
Read MoreBrian Micklethwait on Toby Baxendale
Brian Micklethwait on my colleague, Cobden Centre Chairman, Toby Baxendale: …You don’t get from seventy grand in debt at the age of twenty one to running a company that turns over a hundred million quid a year before you are even properly middle aged without having something about you. … […]
Read MoreThe Apostle of Free Trade: Richard Cobden
I just finished Gowing’s 1885 biography of Richard Cobden, whose doctrine was that free trade would lead to world peace through interdependence and mutual cooperation. Cobden was a leader of the Anti-Corn-Law League — a substantial feat of political agitation — which was established to oppose protectionist measures on corn […]
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