Time and Money
byRoger W Garrison’s Time and Money: The Macroeconomics of Capital Structure bursts with insight but this from the final chapter could be the missing link…
The end of the beginning
byAn investor’s view of the eurozone crisis We need more Europe. We don’t only need monetary union, we also need a so-called fiscal union….
Push for European integration is politics, not economics
byThroughout the European debt crises, Germany and its allies in the austerity camp have been urged by financial commentators, particularly in the United Kingdom…
How to fix financial services regulation
byAs I was reading of yet another spectacular mismatch between bank managers’ competence and their remuneration, and this time at JP Morgan no less,…
Prozac-craving markets
byIn my view, there is no escaping the fact that things are not getting better. If anything, they are getting worse. Following the large…
A modest proposal
byA gold sovereign coin is within the UK tax authority’s definition of investment gold. But would a new one pass the tests of fairness…
The most insidious effects of fractional reserve banking
byThis article was previously published as an addendum to a longer piece on 19 November 2010. The most insidious of all of the unintended…
The euro – lessons from history
byWhen currencies and monetary arrangements have broken down it has always been because the currency issuer can no longer fight the lure of the…
Dominic Frisby: In Gold We Trust?
byDominic Frisby speaks to Michael Green and Matthew Bishop, authors of a new book about the future of money: In Gold We Trust? The…
Is gold in a bubble?
byTo answer this question is not straightforward. As the gold-sceptics keep reminding us, gold pays no coupon and no dividend, it does not offer…