Political Planning versus Personal Planning by Everyone
byIn politics everyone has a plan. A plan to “fix” the health care problem. A plan to “protect” the environment. A plan to “guarantee”…
May, 2017
Will Gold or Silver Pay the Higher Interest Rate?
byThis question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return…
Trumped or Stumped? The tax cut, the debt ceiling and riding the gravy train
byA corporate tax cut from 35% to 15% will cost US$200bln/annum A Border Adjustment Tax could raise US$100bln/annum The boost to GDP growth is…
How magical is the Keynesian multiplier?
byFor most economists and financial commentators the heart of economic growth is the increase in the demand for goods and services. The view is…
Breaking the chain
by“Wherever there’s injustice, oppression and suffering, America will show up six months late and bomb the country next to where it’s happening.” From Give…
Business cycles are credit cycles
byThis article gets to the heart of why central banks’ monetary policy will never succeed. The fundamental error is to regard economic cycles as…
Does the price of oil determine general increases in the prices of goods and services?
byA very good visual correlation between the yearly percentage change in the consumer price index (CPI) and the yearly percentage change in the price…
What Is a Government Worker Worth Without a Free Market?
byWhere are you more likely to earn a better salaried income, in the private sector or working for the government? Well, it turns out…
Rapid money growth and inflation – is there a connection?
byIn the article “Rapid money supply growth does not cause inflation” written by Richard Vague at the Institute for New Economic Thinking, December 2,2016…
The War on Cash: Haldane Edition
byThe Adam Smith Institute have recently published my report “Killing the Cash Cow: Why Andy Haldane is Wrong on Demonetisation” on Andy Haldane’s proposal…