Full Biography and Recent Publications
Kevin Dowd Archive
Kevin Dowd is a Research Fellow at the Independent Institute, Professor of Finance and Economics at Durham University, Partner with Cobden Partners in London, and Professor Emeritus of Financial Risk Management at the University of Nottingham in England. He is editor of the Independent Institute book, Money and the Nation State: The Financial Revolution, Government and the World Monetary System (with Richard Timberlake, Jr.).
Full Biography and Recent Publications
By Kevin Dowd • Wednesday April 26, 2017 at 8:42 AM PDT
On June 23, 2016, the British people voted to leave the European Union. Prime Minister Theresa May’s Lancaster House speech on January 17, 2017 then made it clear that the United Kingdom would opt for a hard Brexit: It would leave not just the EU, but also the European Economic Area, membership of which...
By Kevin Dowd • Wednesday April 19, 2017 at 11:10 AM PDT
You will by now have seen the news from the United Kingdom: Prime Minister Theresa May is calling a snap general election. Frankly, I had been wondering why she didn’t do this earlier. Here is my quick take: Now, I admit that I was never a great fan of Mrs. May. I don’t care...
By Kevin Dowd • Saturday July 23, 2016 at 12:27 PM PDT
[See Part 1 here, Part 2 here, and Part 3 here.] The Brexit vote was never just about whether the Brits would reject rule from Brussels. The real issues were much broader and felt across the whole EU—an arrogant and undemocratic elite, its disastrous economic policies and an increasing gap between haves and have-nots,...
Tags: Donald Trump, Donald Tusk, European Commission, European Parliament, European Union, Europhile, euroscepticism, François Hollande, Frank-Walter Steinmeier, Freedom Party, Horst Seehofer, Jean Monnet, Jean-Claude Juncker, justin trudeau, Marine Le Pen, Norbert Hofer, Peter Lundgren, Recep Erdoğan, Ron Paul, secession, Sir Edward Grey, Viktor Orban
By Kevin Dowd • Tuesday July 19, 2016 at 6:19 PM PDT
[See Part 1 Here and Part 2 Here] A lot has happened since my last posting on the June 23rd Brexit vote. A new government in the UK, the petition for a new referendum vote has been exposed as a scam, most markets have stabilized as anticipated and the Labour Party civil war over...
Tags: bailout, Bank of England, David Folkerts-Landau, Deutsche Bank, EU, European Union, Eurozone, FDIC, German/ECB/EU, Global Financial Crisis, Keynesian economics, Labour Party, Matteo Renzi, Parliament, Stability and Growth Pact, Unicredit
By Kevin Dowd • Monday July 4, 2016 at 5:42 PM PDT
[See Part 1 Here] Besides handing down the vote to Leave the EU, the June 23rd Brexit referendum also demonstrated that the UK is a house divided. The vote itself was fairly narrow: 52% vs. 48%. Northern Ireland (NI), Scotland and London had clear majorities for Remain, but much of the rest of England...
Tags: Basque Country, Bavaria, British constitutio, British Parliament, Catalonia, Constitution, Corsica, David Cameron, democracy, European Union, Faroe Islands, Flanders, Galicia, George Soros, Jean-Claude Juncker, Jeremy Corbyn, Labour Party, Leave, Lisbon Treaty, Lloyd George, Maastricht Treaty, Nicola Sturgeon, Nigel Farage, Northern Ireland, Northern Italy, Queen Elizabeth, referendum, Remain, Sardinia, Scotland, self-government, Venice, Westminster Parliament
By Kevin Dowd • Sunday June 26, 2016 at 5:19 PM PDT
[See Part 2 Here] Thursday, 23 June 2016, will go down in history as the United Kingdom’s own Independence Day. American readers will hopefully appreciate the irony. The take-home message is that people in the UK lost confidence in a complacent and corrupt European Union (EU) elite that wouldn’t listen to them and was...
Tags: Bank of England, Boris Johnson, British Parliament, Conservative Party, Constitution, Daniel Hannan, David Cameron, decentralization, Douglas Carswell, England, European Union, Europhile, Euroskeptic, George Osborne, House of Commons, House of lords, independence, Jacob Rees-Mogg, Jean-Claude Juncker, Jeremy Corbyn, John Major, kleptocracy, Labour Party, Leaves, LIttle England, Margaret Thatcher, Mark Carney, Mark Reckless, Nanny State, Nigel Farage, Nigel Lawson, Norman Tebbit, Peter Lilley, populism, Remains, secession, self-government, Syed Kamall, UKIP, United Kingdom, welfare state
By Kevin Dowd • Monday June 20, 2016 at 5:42 PM PDT
[Based on remarks to the Hewitts-Northern Echo Brexit debate held in Darlington, County Durham, England, 15 June 2016.] If we British vote to stay in the European Union (EU), we should consider exactly what it is that we would be voting to remain in. The EU is a democratically-deficient failed state. Its ‘constitution’ is...