Economics by and for human beings
byEconomics puts parameters on people’s utopias. Yes. That’s exactly it. That’s why the politicians hate economics. That’s why the media are so… selective in…
Does JP Morgan’s massive loss favour the argument for more controls?
byOn Friday May 1 2012, JP Morgan Chase & Co said it suffered a $2 billion trading loss. Some commentators have suggested that the…
Dimon geezers
by“JP Morgan Chase last night announced a surprise $2 billion trading loss on credit derivatives trading, which chief executive Jamie Dimon blamed on “errors,…
Hard work needs honest money
byIn yesterday’s Telegraph, William Hague tells the Government’s business critics to stop complaining and work hard to deliver jobs. However, Mr Hague forgets that a…
Gold bugs will be vindicated
byIn recent weeks, while the eurozone has suffered escalating levels of systemic stress in government bond markets and its banking system, the gold price…
Europe’s voters say ‘No’ to economic reality
by“Europe fights back against austerity” was how The Daily Telegraph headlined its weekend election coverage. Anti-austerity movements are gathering pace across Europe following political…
China crisis
by“A central power, as enlightened, as skilful as can be imagined, cannot by itself encompass all the details of the life of a great…
What is Money?
byThere exists a certain amount of confusion today about what money truly is, how it originated and who should produce it (the government or…
Our central bankers are intellectually bankrupt
byThe best article we’ve seen in the FT for a long time, courtesy of Ron Paul … The financial crisis has fully exposed the…
15 years of the MPC
byA brilliant video from our friends at SaveOurSavers, celebrating 15 years of the Monetary Policy Committee: