Monthly Archives: October 2011

Reverting to national currencies won’t save the euro

It’s often assumed by those listening to critics of the euro, that we desire a return to national currencies, such as the franc or deutschmark. Certainly, some do, but from the perspective of the Austrian school of economics, they are … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

This is why I became a libertarian

When I was in school, I remember the whole class being punished (eg work in silence) unless a guilty one or two owned up to what they’d done. Surprise, surprise, nobody owned up and we all suffered the consequences. It … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

The latest plan to save the euro

There seem to be endless summits of EU leaders these days, trying in vain to solve the debt crisis in the eurozone. Rather than replicate excellent analysis elsewhere, I’ll leave you with an article on the subject. Detlev Schlichter, over … Continue reading

Posted in Uncategorized | Tagged , , , | 1 Comment

Will the US government ever pay off its debt?

While the eurozone crisis flips between panic and temporary calm after the latest ‘plan’ from European leaders, let’s not forget the mountain of debt the US government has built up. It currently stands at a whopping $14.8 trillion, and there’s … Continue reading

Posted in Uncategorized | Tagged , | 1 Comment

Why sound money is important – and the Bank must go

One of the arguments made defending increases in the money supply, such as the recent quantitative easing in Britain, is that such money inflation does not always result in price inflation. Paul Krugman, a Nobel prize winning Keynesian economist, argued this recently … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Occupy Wall Street or Occupy the State?

Apologies for the lack of recent posting – real life has a habit of getting in the way! There’s been a large number of protests in financial districts across the world – including in London where I live and work – … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Why the state creates central banks

Over at the Mises Institute, Hans-Hermann Hoppe has a great article explaining why states create central banks and control the money supply. He reminds us that inflation always enriches those connected to the state at the expense of those who … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment