Author Image for Lord William Rees-Mogg

Lord William Rees-Mogg

Lord William Rees-Mogg is the former Editor-in-Chief for The Times of London and a member of the House of Lords. Lord Rees-Mogg has been credited with accurately forecasting glasnost, the fall of the Berlin Wall, as well as the 1987 crash.

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View articles by Lord William Rees-Mogg

The Limitations of a Bailout

Sep 25th, 2008 | By Lord William Rees-Mogg | Category: Currencies, Economics, Macro Economics
For about 10 years, Simon Jenkins and I were both writing columns for the London Times. Simon is still writing a column for The Sunday Times, but has shifted his weekly column to The Guardian. However, he has written something in The Sunday Times that has provoked a very interesting ...read more

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Financial Market Collapse

Sep 18th, 2008 | By Lord William Rees-Mogg | Category: Economics
In 1987, which is now more than twenty years ago, I published a book with James Dale Davidson. Some people still remember it for its title, Blood in the Streets, taken from a remark of Nathan Rothschild in 1815, at the time of Napoleon’s hundred-day gamble that ended in his ...read more

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Bailout of Fannie and Freddie

Sep 11th, 2008 | By Lord William Rees-Mogg | Category: Economics, Macro Economics, Politics
In February 1946, when they were both old men, Joseph Schumpeter wrote a letter to Irving Fisher explaining why he could not accept a plan on a proposed committee on monetary policy. He tried to soften his rejection by expressing his admiration for Irving Fisher. “I consider you one of the ...read more

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Problems with the Euro

Jul 24th, 2008 | By Lord William Rees-Mogg | Category: Currencies
In the last year, the euro has decisively outperformed the dollar and the pound. Some commentators have argued that this means that the euro is the currency of the future, and that the dollar has been relegated to second place. However, there are problems about this argument. The United States is ...read more

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Economic Schools of Thought

Jul 17th, 2008 | By Lord William Rees-Mogg | Category: Macro Economics
There are two ways of studying economic theory. One approach is mathematical, and has been much enhanced by the computing power available to the individual economist. The other is historical and relies on the accumulated understanding of economic theory and practice. The events of 2007 and 2008 have shown the limitations ...read more

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The Coming Recession

Jul 9th, 2008 | By Lord William Rees-Mogg | Category: Macro Economics
The downturn in the global economy is now 11 months old, if one takes the subprime crisis of August 2007 as the starting point. It has spread like the forest fires in California, establishing itself in one area after another, putting out tongues of fire that extend the area of ...read more

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The Danger of Stagflation

May 15th, 2008 | By Lord William Rees-Mogg | Category: Macro Economics
The American electoral system has never been designed to protect sound finance, and it has become more dangerous as the federal government and the Federal Reserve itself have become more skillful at manipulating the economy of the United States. The process of running before every gust of wind reached its ...read more

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