How can the Fed possibly unwind QE?
byThere are currently two important items on the Fed’s wish list. The first is to restore interest rates to more normal levels, and the…
Has Bitcoin come of age?
byBitcoin (BTC) has tripled and then halved since late March Even at BTCUSD 2000 total issuance amounts to $33bln Historic volatility is high (80%)…
Benn Steil: How Fairly Valued is China’s Currency? Big Mac and Mini Mac Square Off Again.
byThe “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does…
THE FICTION OF THE ‘GREAT CAPITAL REBUILD’
byThe central element of the Bank of England’s narrative on the UK banking system is the ‘Great Capital Rebuild’. To paraphrase Governor Carney’s comments…
Society Is Not a Family, Government Is Not a Parent
byFew things are as clear as the bankruptcy of the political “left.” Ranting and raving about Donald Trump and “anti-democratic” trends in the United…
Popularity is overrated
by“Remember what has happened. In an unnecessary referendum, a small majority chose an option they could not understand, because it had not been worked…
A Letter to Governor Carney from Professor Kevin Dowd
byDear Governor Carney, I thank your colleagues and yourself for taking the time to meet me on my visit to the Bank earlier…
Cobden Centre Seminar at the Bank of England – Detlev’s Speech
bySpeech – Bank of England July 11, 2017 From Gold Standard to PhD Standard – The last 100 Years of Money and Central Banking…
Bank of England Seminar Last Week – Thanks to the Bank
byThanks to the Bank of England for inviting us to do a seminar on the Austrian School of Economics last Tuesday. Cobden Centre contributors Detlev…
Simple and Meaningful Ways to Change American Health Care
byRam Nagarajan is an MBA graduate from the University of Chicago who believes in individual liberty, limited government and a market based approach to…