Worst of Both Worlds

Tom Clougherty, on the Independent Commission on Banking’s recent proposals:

I hope this isn’t the case, but if it is, it probably suggests a far more radical regulatory approach than the Independent Commission on Banking has considered. It might even point in the direction of ‘narrow’ or ‘limited purpose’ banking, which would involve imposing . . . → Read More: Worst of Both Worlds

Can the Industrial Revolution be Attributed to Economic Freedom?

Before reading Eric Jones book, ‘Locating the Industrial Revolution’, I had thought that the reasons why the industrial revolution began when and where it did would have a lot to do with relative levels of economic freedom in England in the 18th and 19th centuries. The book seems to me to reinforce that . . . → Read More: Can the Industrial Revolution be Attributed to Economic Freedom?

Bank of England Holds 4700 Tons of Gold

Stumbled on the value of gold the BOE holds on custodial basis from a link in a Golden Sextant article. Unfortunately, the annual reports only list gold value from 2005 onwards (note that BOE financial year end is 28 Feb): Year, GBP value, ounces (based on GBP london PM fix on 28 feb) 2005, . . . → Read More: Bank of England Holds 4700 Tons of Gold

Interesting Readings for December 23, 2009

Tim Harford in the Financial Times on the skepticism about the extent to which microfinance matters. London’s attempts at turning away international finance: from the Economist, and Mint. Also see this piece from the Economist. M. R. Madhavan in Financial Express on the ineffectiveness of the UPA in translating Parliament time into economic . . . → Read More: Interesting Readings for December 23, 2009