The Consequences of Ill-Judged Central Banking.

Nikkei Veritas – Market Eye column, 23rd April 2008 Alan Greenspan, who was then Chairman of the Federal Reserve, expressed concern about the stock market in 1996, which he thought showed signs of “irrational exuberance”. Unfortunately he then changed from...

The Case for US Fiscal Stimulus.

Nikkei Veritas – Market Eye column, 25th February 2008 The weakness of the US economy has produced calls for a tax cut. Since politicians love bribing voters with their own money, particularly in a presidential election year, the idea has been taken up...