Monthly Archives: January 2013

Is the Bank better off being independent?

In debates about central banking, it is not uncommon to hear views regarding the independence of central banks. How much control should a government have over the bank? Is the central bank accountable? Whose interests does it serve? I would … Continue reading

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While we’re at it, let’s get rid of the IMF too

The IMF is often perceived as a bulwark of neoliberal economics, imposing the “Washington Consensus” on unwilling developing countries. But if the IMF is meant to be spreading the evils of free markets around the world, it is a rather odd sort: The head … Continue reading

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Safe as houses

Yesterday’s news of the effects of George Osborne’s Funding For Lending scheme came as no surprise to those who understand the basic premise that monetary inflation results in asset price inflation. In a video we posted earlier we saw how house … Continue reading

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Mervyn King’s Belfast speech

Mervyn King must think we have no knowledge of history: Sir Mervyn argued, in the long run, the Bank must maintain its 2% target, as price stability must remain the primary responsibility of all central banks. As I posted in … Continue reading

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What does the Bible say about sound money?

The Bible doesn’t tend to be a common source today for discussions on economics, least of all central banking, but as a Christian, I wanted to see what it might have to say. There’s no verse that says “thou shall … Continue reading

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Prince Albert’s golden countenance

Apologies for the terrible title – “buy gold” is a little boring. In a video by Citywire, Gavin Lumsden explains why buying gold is becoming more popular. Why is this so? Lumsden tells us that over the last century “returns” have … Continue reading

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Kamikaze Keynesianism

A quick three minute video by Citywire (free!) explains the view of a Norwegian bond fund manager who is rather skeptical of trying to “stimulate” an economy by borrowing. Torgeir Høien, manager of Skagen Tellus, is blunt about the matter, “it won’t work”. Why not? … Continue reading

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