The Monetary Conservative:

Inflation is the work of the devil, because it respects appearances without destroying anything but the realities.  Jacques Rueff

 

Hidden in plain sight:

What really caused the world’s greatest financial crisis? The prevailing narrative, as articulated by President Obama and his allies, was that the crisis was caused by insufficient government regulation.   

 

Capital Ideas: The IMF and the Rise of Financial Liberalisation

Jeffrey M. Chwieroth(Princeton University Press 2010) ISBN 978-0-691-14232-6, 311 pp. One of the most important economic changes in the post-World War II period was...

The Law Market

In England, a motorcyclist was recently sentenced to six months in jail for riding at speeds of up to 122 mph on a half-mile...

Europe’s Unfinished Currency – by Thomas Mayer

In his “Europe’s Unfinished Currency”, Thomas Mayer gives us a highly readable account of the political origins of the European Union and its currency and its current weaknesses and promise. 

 

Treasury’s War:

Have you ever wondered how the United States and other countries actually conduct “financial warfare”?   

 

‘Fault Lines’ by Raghuram G. Rajan

Read our article in the Cayman Financial Review Magazine, eversion Much has already been written about the causes and cures of the financial crisis of...

Charles Calomiris and Stephen H. Haber Fragile By Design:

The United States has had 14 banking crises over the past 180 years! Canada, which shares not only a 2,000-miles border with the United States but also a common culture and language, had only two brief and mild bank illiquidity crises during the same period 

 

Adam Lebor’s “Tower of Basel”

When the Bank for International Settlements was established almost 80 years ago to administer Germany’s World War I reparation payments, making payments from one country to another was more difficult than now.  

 

“When Money Dies: The Nightmare of Deficit Spending, Devaluation and

“The Treaty includes no provisions for the economic rehabilitation of Europe, – nothing to make the defeated Central Empire into good neighbours, nothing to stabilise the new States of Europe …  

 

This Time is Different:

Have you ever encountered a book in your field of inquiry that upon reading, you knew the book should be put on that special shelf reserved for favourites? That the book was so fundamentally good and strong that you would be reading it again and again and referring others to do the same? 

Reading capital flows

The literature on capital flows is, unfortunately, not particularly gripping reading. It is not something to take to the beach without a strong sunscreen, for the danger of dozing off and burning to a crisp if the sun is high. Nonetheless, there are some useful works.

 

Ships of Oak, Guns of Iron:

In 1814, the US already had the highest per capita income and one of the largest territories of any country, a mid-sized population of eight million – significant for countries of the time; and it had taken on Great Britain, the military and economic superpower of the day, and fought it to a stalemate on the land and sea. 

 

How the government monopoly on money imperils the global economy

Detlev Schlichter says that “Today’s mainstream view on money is logically incoherent because it is in fundamental conflict with essential aspects of money and money’s role in a market economy.” 

 

The Euro – The Politics of the New Global Currency, by David Marsh

Bundesbank President Tietmeyer once said to his British counterpart, “You have the House of Lords, the Queen and your established traditions – we have...

“Hedge Fund Governance – Evaluating oversight,

At the end of the first chapter I was frustrated, as I was looking for a theoretical analysis and conclusion regarding corporate governance in hedge funds.
 

 

David Stockman’s The Great Deformation: The Corruption of Capitalism in America

For six years I’ve told audiences (and even more than a few social acquaintances who would listen) that the 2008-09 Global Financial Crisis was not “The Big One.” In time, people will look back on that episode as relatively minor and fairly short-lived compared to the one we are building toward. Don’t believe me? 

 

Reading Privacy

The top two authors on privacy issues, one focused on financial issues and one not, are Prof Rose-Marie Antoine of the University of the West Indies and Prof Daniel Solove of George Washington University.

 

“Government versus Markets: The Changing Economic Role of the State”

by Vito Tanzi, Cambridge University PressRead our article in the Cayman Financial Review Magazine, eversion If one has an interest in political economy, yet only...

The Money Trap:

Robert Pringle’s The Money Trap should be very high on the list of books for anyone wanting to understand the weaknesses and flaws in the existing approaches to national monetary and banking policies and the international arrangements that link them.   

 

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