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I like Bank of England, they are very professional, have high integrity and are business friendly. Andrew Haldane, Bank of England director of financial stability, recently met a group of British members of parliament (read more in Business Insider). Here is an extract from the article quoting Andrew: “If I were to single out what for…Full article

The EU parliament and commission and other entities put the blame on the banks for the deterioration of the economies and whatever else that can withdraw attention from their own responsibilities. One example is this article discussing fraud in fixing official currency and interest rates. EU and UK are fighting over the control over the financial industry….Full article

We’ve had two separate policy responses from the financial crisis. Firstly monetary easing and expansion of the monetary base (“money printing”) and secondly over regulation. None of these responses have any chance to create growth. Monetary expansion only provides more money, not more production and business, especially since the over regulation is stopping lending to…Full article

Treasury Peer has this year activated PayPal to receive payments through credit cards. PayPal works fine but is sometimes overly complicated. The main complication is regulation of some sort. One of the silliest yet is that the limits for receiving funds are set so low and one may wonder why. What is the purpose? This…Full article

I recently received a comment from a regulator after I published the new olive oil regulation. The regulator claimed that since the private sector usually acts in legal entities with only limited liability, the regulators must constantly increase regulation, to support citizens and consumers. Of course this is correct, we the citizens need this protection…Full article

How much printing can a fiat currency survive? When does the trust in a currency deteriorate? What happens with long term interest rates when expectations of inflation are growing as a consequence of money printing? How did the fiat currencies (Germany, Latin America and Zimbabwe for instance) crash? Here is an article that I presume…Full article

Last week Anders Borg, the treasurer of Sweden, announced that the Swedish government has engaged the World Bank to provide a report stating what Sweden needs to do to become more business friendly. Well, guess he needs an “independent” party like the World Bank to state the obvious and what Sweden’s entrepreneurs and corporate sector already…Full article

ECB’s Liikanen urges the ECB to buy corporate bonds issued by midsized companies. This is all good and well, however we shall realize Liikanen is trying to solve a problem that has been an intended consequence by the financial regulation namely the Basel framework. Basel III builds on a mindset from the 60-ties and 70-ties when…Full article

This is an article describing a new EU regulation stipulating how olive oil shall be served in restaurants so the guests do not have to worry about if the olive oil is actually something else. Is that really required, or is it a sign of how silly the whole regulatory circus has become? Of course…Full article