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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
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Monthly Archives: March 2014
Kept in the dark
In my last post, I shared the news that the MPC keeps no minutes of its meetings. I had pondered whether there would be any gain in trying to use the Freedom of Information Act to force the Bank to … Continue reading
Posted in Uncategorized
Tagged Bank of England, central banks, economics, FOI, mpc, Secrecy
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What has the MPC got to hide?
News to light the fires of the paranoid and conspiracy theorists out there: The Bank of England’s Monetary Policy Committee (MPC), the group which decides on interest rates each month, keeps no minutes of their meetings. We’ve argued on this … Continue reading
Posted in Uncategorized
Tagged Austrian school, Bank of England, central bank, economics, Federal Reserve, keynesian, mpc
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Abolish the Bank of England 