Still trapped
I started writing The Money Trap two years ago because I had become irritated by the narrow terms in which the economic debate was being conducted. In all advanced countries, the same arguments,...
View ArticleNicolas Krul writes:
Picking up on Robert’s last story, we must look to the ECB to restore trust in financial intermediation. Yes, the developed world faces another year of stagnation and interacting imbalances that...
View ArticleMy New Year wishes
The world economic recovery remains fragile and could easily be derailed by renewed financial turmoil. My first wish is a terminological one – please, can we find a more useful word or phrase to...
View ArticleGoodhart’s cry of despair
Five years after the international banking system fell into the arms of the central banks and governments, there is still a paralysing uncertainty about the extent and cost of regulation, the viability...
View ArticleSleeepwalking to destruction
I do not suppose that central bankers like to be compared to witches, but for my money the best account of how the financial crisis came about is in Macbeth. Banquo warns Macbeth to be wary of the...
View Article1. The case for a global monetary standard
Introduction To be in the trap means two things: The international monetary anti-system: Governments are in the trap when they act in the belief that if they get monetary, regulatory and fiscal policy...
View ArticleBetween Debt and the Devil: A Review
According to Adair Turner, Britain’s former chief financial regulator, the global financial crisis had one big cause: bad ideas. These are ideas that Turner disapproves of. The key proposition of his...
View ArticleMistreating money
Money is a social construct that enables price comparisons, calculations of profits and loss, budgeting and financial planning from individual to enterprise to national and international levels. Its...
View ArticleDo central banks rely too much on economists?
If economics is likened to a religion it is easy to see how it may be viewed as dangerous. It may blind its devotees to the claims of competing world-views. If economists arrogantly claim that their...
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