A call to arms for central banks
The rate at which the majority of the eurozone is descending into insolvency is accelerating. The rescue package for Spanish banks, which appears to…
Sovereign debt crisis going from bad to worse
The eurozone continues to keep us in suspense in the wake of the French elections, and pending the second Greek election in as many…
Money printing to the max
There is a big shift in political sentiment among G8 leaders towards less austerity and more emphasis on economic growth, which was evident at…
Currency collapse dynamics
The reason we accept paper money as a store of value is habit. This habit has its origins in history, when banks took our…
Gold bugs will be vindicated
In recent weeks, while the eurozone has suffered escalating levels of systemic stress in government bond markets and its banking system, the gold price…
Keynesian vs Austrian debate hotting up
Last week, an Austrian-School economist, Robert Wenzel, gave a speech to the New York Federal Reserve, and separately Bloomberg hosted a television debate between…
Financial regulators and the free market
Adam Smith’s great insight was that in a commercial transaction both parties benefit. Before his time, it was generally believed that in an exchange…
A plea for sanity
An article by Professor Lew Spellman has caught the attention of the sharp-eyed, and may indeed be important. Spellman, who in the past has…
The paradox of choice
Here is a puzzle for Keynesian and other neo-classical economists. When a consumer buys something, he must choose; and if he increases his purchase…
TARGETing problems in eurozone
It seems that every time you turn over a stone on the rocky shore that is the financial condition of the Eurozone you find…