Mark Carney will arrive as the new governor of the Bank of England at a time when its policy is … Continue reading “Carney could rescue UK monetary policy but not with more stimulus”

President Obama’s 2009 stimulus has been a disappointment: the Keynesian response is that it failed because it was not big … Continue reading “Ben Bernanke’s road to inflation”

Madrid’s persistent pressure for the European Central Bank (ECB) to monetise part of its debt is necessarily a self-defeating strategy. … Continue reading “The ECB cannot save Spain”

The Chancellor of the Exchequer has announced his latest strategy for rescuing the UK economy, in the form of ‘credit easing’. … Continue reading “The Chancellor launches Plan B: sub-prime loans, inflation and debt”

In this month’s Standpoint magazine Tim Congdon has written a rich and insightful contribution to the debate about quantitative easing. … Continue reading “Monetarists’ blind spot on quantitative easing”

Language was created spontaneously and needed no act of creation or sanction by the state – it is owned by … Continue reading “The elephant in the room: debasement of our purchasing power”

There does not seem to have been much confidence, even at the Fed, that its latest round of quantitative easing … Continue reading “The Fed’s new quantitative easing policy: monetary stimulus is all but exhausted”