Welcome

The Cobden Centre has been established to promote social progress through honest money, free trade and peace. We endorse Richard Cobden's view that:
Peace will come to earth when the people have more to do with each other and governments less.

Recent articles

The end of tapering and government funding

19 September 14 by Alasdair Macleod

Last year markets behaved nervously on rumours that QE3 would be tapered; this year we have lived with the fact. It turned out that there has been little or no damage to markets, with bond yields at historic lows and equity markets hitting new highs.

This contrasts with the ending of QE1 and QE2, which [...]


Market expectations and long-term US interest rates

18 September 14 by Dr Frank Shostak

After closing at 3.03% in December 2013 the yield on the 10-year US T-Note has been trending down, closing at 2.34% by August this year. Many commentators are puzzled by this given the optimistic forecasts for economic activity by Fed policy makers.

According to mainstream thinking the Central Bank is the key factor in determining interest [...]


Don’t Believe Government About Price Inflation

17 September 14 by Max Rangeley

[Editor's note, this piece, by Richard Ebeling, is from EpicTimes]
It is an old adage that there are lies, damn lies and then there are statistics. Nowhere is this truer that in the government’s monthly Consumer Price Index (CPI) that tracks the prices for a selected “basket” of goods to determine changes in people’s cost-of-living and, therefore, [...]


Weak Labour Markets and Repo Market Disruptions

16 September 14 by Gordon Kerr

Central Banking

Low interest rates contribute to weak labour markets

In the latter part of August, the cream of the world’s central bankers convened at the annual Kansas City Fed gathering at Jackson Hole, Wyoming. Every year the Conference has a theme. Last year’s was Quantitative Easing (QE): when and how it would end. This [...]


Böhm-Bawerk: Austrian Economist Who Said “No” to Big Government

14 September 14 by Max Rangeley

[Editor's note: this piece, by Richard M. Ebeling, was originally published at EpicTimes]

We live at a time when politicians and bureaucrats only know one public policy: more and bigger government. Yet, there was a time when even those who served in government defended limited and smaller government. One of the greatest of [...]