This article was first published on the Institute of Economic Affairs Substack. Wherever Central Bank Digital Currencies (CBDCs) have been attempted, … Continue reading “Quick Read: How popular are central bank digital currencies?”

Do you ever wonder why banking, more than any other industry, is so prone to instability? Why, nearly ten years … Continue reading “Review: ‘The End of Alchemy’ by Mervyn King”

Professor George Selgin on stability without Central Banks The 2016 Hayek Memorial Lecture, held on 8 June 2016 at Church … Continue reading “Hayek Lecture 2016 – Professor George Selgin”

In the wake of the financial crisis, there are growing movements in the USA and the UK to abolish the … Continue reading “How independent are central banks?”

There is much discussion about how to deal with the indebtedness of eurozone countries. Economic analysis is not straightforward, of course. We always … Continue reading “When it comes to the euro zone, 1+1 = 2: whatever the economists and politicians say”

According to Wicksell, there are two interest rates, one visible and the other almost totally invisible. The visible rate is … Continue reading “A Wicksellian monetary policy?”

A trillion here, 500 billion there – it seems no amount is too much when the authorities want to fix a perforated economy. … Continue reading “Do we need a central bank?”

If the next government, of whatever colour, insists on not taking the bold step of getting the government out of … Continue reading “Price-level targeting – the next big idea?”

Mervyn King was appointed Deputy Governor of the Bank of England in 1997 and became an ex-officio member of the Bank’s interest-rate … Continue reading “Mervyn King: wisdom and integrity at the Bank of England”