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Tag Archives: Nigel Lawson

Gold, money, the 1980s and now

When did the culture of ‘money mania’ start? When did people first set out to grab as much money as possible at whatever cost?  When did the momentum for credit creation —paper money calling for more money — become unstoppable? Let us contrast the past 30 years with the years 1880-1910. Under the classical gold…
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Lord Lawson aims at the wrong target

Governments’ failure to manage the global financial crisis is having profound political and geo-political consequences – all of them adverse. Fuelled by political desperation to boost demand, national monetary policies are becoming steadily more aggressive – not so much “beggar my neighbour” as “sauve qui peut”. Financial repression is ongoing. As we all know, once…
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New entry to Bank of England governor stakes

  My apologies to subscribers who – following my tip – have placed bets on Gus O’Donnell to be next Bank of England Governor (RP’s Diary 14/09/12). They might lose their money. How did I come to overlook the irresistible charms of (Lord) Terry Burns? Terry is a pukka economist who followed a respectable academic…
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Can London lead a financial rebirth?

The reputation of the City of London has been badly damaged, however the LIBOR affair turns out. People will inevitably ask, who knows what other kinds of criminal or near-criminal activity have been taking place? Would the LIBOR attempted price fixing have come to light without those incriminating emails? What other forms of collusion are…
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