The Magicians At The Bank Of England (with close support from No 10 & 11 Downing Street)

Who made this very sound statement two years ago in relation to QE I? The last resort of desperate governments when all other policies have failed Answer: George Osborne, our Chancellor. Sometime soon it will have to stop because in the end printing money leads to inflation....

Banking: From Bagehot to Basel, and Back Again

As reported yesterday on Mises.org, there were some very encouraging statements in Mervyn King’s Monday speech to the Buttonwood Gathering in New York. King noted that “Of all the many ways of organising banking, the worst is the one we have today”. After considering various...