-
There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.
Ludwig von Mises
Categories
- Economics in One Lesson (4)
- Uncategorized (126)
Archives
- March 2014 (2)
- January 2014 (2)
- November 2013 (1)
- October 2013 (1)
- August 2013 (2)
- July 2013 (2)
- May 2013 (3)
- April 2013 (4)
- March 2013 (6)
- February 2013 (7)
- January 2013 (12)
- December 2012 (2)
- September 2012 (1)
- July 2012 (1)
- June 2012 (4)
- May 2012 (3)
- April 2012 (11)
- March 2012 (8)
- February 2012 (7)
- January 2012 (16)
- December 2011 (9)
- November 2011 (7)
- October 2011 (9)
- September 2011 (10)
Twitter
- Kept in the dark wp.me/p1O9ar-c0 6 years ago
- What has the MPC got to hide? wp.me/p1O9ar-bP 6 years ago
Monthly Archives: March 2013
The central bankers’ Catch-22
Governments and central banks have manoeuvred themselves into a financial mess that shows no sign of getting better. Debt to GDP ratios continue to climb, with many industrialised nations over 100% (and Japan has gone well over 200%). It normally takes a … Continue reading
Posted in Uncategorized
Leave a comment
Banks to do the impossible
The “advice” being given to major UK banks by the government and the Bank of England is akin to telling someone to walk in two directions at once. On the one hand, banks are being encouraged to lend money, to … Continue reading
Quote of the day
In other news, it would appear that the “Conservative” party believes that the housing market in the U.K. is insufficiently distorted and in danger of reverting to market principles. To prevent that, the new budget contains provisions to assure that … Continue reading
Posted in Uncategorized
Tagged economics, George Osbourne, housing bubble, uk budget
Leave a comment
The long run
Labour recently commissioned a report into ‘short termism’ in the UK which aims to take a look at the reasons for short term behaviour by businesses and recommend how this can be changed. It makes several recommendations: taper capital gains tax; reduce reporting; … Continue reading
Posted in Uncategorized
Leave a comment
A better measure of inflation?
Via SaveOurSavers, there’s a new inflation measure published by Tullett Prebon, which claims to more accurately show the impact of inflation in the UK than the official CPI. CPI running at an annual rate of 2-3% doesn’t sound too bad, but … Continue reading
Posted in Uncategorized
Tagged Bank of England, cpi, inflation, save our savers, tullet prebon
Leave a comment
