Alasdair Macleod interviews Bob Murphy
GoldMoney have released a recent podcast where I interview Bob Murphy, who is a leading economist of the Austrian school. At the outset, I…
The gold price and the exponential growth of our problems
Two Bloomberg correspondents reported on August 8 that the US Government’s unfunded liabilities rose by $11 trillion last year, “ten times larger than the…
The purpose of market intervention
Interventions in markets by governments and central banks are routine and we take them for granted. No one questions them, but they can create…
Anniversary of the credit crunch
We are coming up to the fifth anniversary of the financial crisis, at least for the UK’s banking system, because it was five years…
Subjective value and currencies
“The issuer’s promise” is a phrase I have used recently to describe the backing for fiat currencies. The purpose of this article is to…
The inevitable death of the euro
On Thursday the European Central Bank’s Mario Draghi was moved to defend the euro, after Spain’s government bond yields rose dramatically through the 7%…
Euro shorts smell blood
Within the eurozone there are great stresses. At one extreme there are punitive costs of borrowing for Greece, Cyprus, Portugal, Ireland, Spain and Italy;…
LIBOR fixing implicates government as well
The LIBOR scandal has been hogging headlines of late, with questions raised again about the extent to which big banks are now a law…
Gold reentering the monetary system
Early in 2011, the London Bullion Market Association began to push for gold to be recognised by the Basel Committee on Banking Supervision as…
The unseen hand
The assessment of economic growth based on Gross Domestic Product is a fallacy, because GDP is merely a measure of the amount of money…