As the UK economy enters the COVID-19 downturn, the Bank of England (BoE) continues to maintain that the UK banks … Continue reading “To make banks strong, do away with the regulator”

The last few years have witnessed ongoing controversy over proposals to abolish cash. The War on Cash is being promoted … Continue reading “We mustn’t lose the War on Cash”

My report A Trade Policy for a Brexited Britain, published by the Institute of Economic Affairs last month, had a short section on EU … Continue reading “The EU’s thousands of senseless tariffs punish the poor”

It is sometimes claimed that helicopter money (HM) is “free” money but it is not. In this posting I would … Continue reading “There ain’t no such thing as “free” helicopter money”

Amongst all the extraordinary nonsense spouted in the Brexit debate, on both sides, arguably the most infamous are the recent … Continue reading “The Treasury’s Brexit reports lack credibility”

Proponents of Bitcoin like to suggest that it will be the money of the future. Critics point to its price … Continue reading “Bitcoin: the Money of the Future?”

Just recently, California recognised Bitcoin and other digital currencies as valid forms of payment, and Bitcoin prices surged on this … Continue reading “Bitcoin: The Flipside of Money”

I would like to thank the IEA for today publishing my monograph, New Private Monies, which examines three contemporary cases … Continue reading “New private monies can outcompete government monetary systems”

In a recent Financial Times article Martin Wolf announced his conversion to the view that private banks should be stripped … Continue reading “Let’s not ban private money”