Coverage in the House of Commons

Steve Baker MP in a speech to Parliament:

My argument, which is one Hayek advanced in his Nobel lecture, is that when employment comes from an increase in the money supply, that employment lasts only as long as the money supply increases, or perhaps only as long as it continues to accelerate. My preferred measure of the money supply comes from Kaleidic Economics. If we look at it, we find that from 2002 the money supply not only increased, but accelerated in its increase—the level was above 10% from 2004 and in 2007 it went as high as 27% by that measure. The money supply is now contracting at a rate of about 5% a year.


August 2011 MA falls by 4.3% YoY

August saw another YoY fall in MA, our money supply measure, though again at a decelerating rate compared to the previous two months. The figure was at -4.3% which is less than the -4.7% and -5.1% we saw in July and June respectively. This is an interesting result given that August was the month when the turmoil in the financial markets picked up. 

M4, the broad money supply published by the Bank of England also fell but only by 0.6% while N&C grew by 5.6% YoY.


July 2011 MA continues its retreat

Our measure of money supply, MA, continued to contract in July at -4.7%. This is a lower contraction rate than what we measured for May and June. On the other hand, M4 and N&C have accelerated their fall and rise respectively.


Coverage in The Jewish Chronicle

The MP for High Wycombe, Steve Baker, has written an article on MA for The Jewish Chronicle. It's great to see Kaleidic Economics receiving some press attention so soon after launching.


Kaleidic Economics launches

This week saw the inaugural meeting of Kaleidic Economics. We are delighted to publish our first quarterly report, in which we explain the methods and goals of the roundtable: