By abandoning the gold standard we embraced monetary central planning, chaos
With this essay I will try to reconcile two apparently conflicting perceptions of the key problems with our present monetary system. I will start…
Europe’s voters say ‘No’ to economic reality
“Europe fights back against austerity” was how The Daily Telegraph headlined its weekend election coverage. Anti-austerity movements are gathering pace across Europe following political…
Brain Sematary
The debate over taxing the rich has reached new depth in the United States with a true man of letters entering the fray. Depth,…
How to debate Paul Krugman
Paul Krugman is the high priest of Keynesianism and modern interventionism, of economic improvement through inflation and budget deficits. As such he is bête…
The separation of money and state
“So what do you think should be done?” I often get this question after I present my case against our fiat money system, and…
Why gold is my favourite asset
I hate to give personal investment advice. So please do me a favour and do not treat the following as investment advice. I am…
Please don’t call this capitalism!
Surprise, surprise, the Euro Zone debt crisis is back. Or was it never gone? As yields on Spanish and Italian government bonds are heading…
Does the ‘recovery’ matter?
I was thinking of starting this blog with a cynical comment along the lines of, “last week equity markets came off, I think we…
What gives money value, and is fractional-reserve banking fraud?
I thought I should address a couple of points that I consider to be misconceptions and that frequently come up in discussions with the…
The deflation delusion
Years ago a friend of mine in New York told me about his massively overweight neighbour who took to wearing a black t-shirt with…