Savings, investment, and the Keynesian preference – a follow-up
Following on from last Saturday’s article … There is a general belief that government finances are somehow immune from the financial reality faced by…
Interview with James Turk
A podcast for the GoldMoney Foundation … James Turk and Alasdair Macleod discuss the pros and cons of the gold standard, the benefits of…
Savings, investment, and the Keynesian preference
Neo-classical economists underestimate the importance of the link between savings and investment. The two should be regarded as linked together: you need savings to…
Asia’s golden future
For most of the last century the default currency for international settlements has been the US dollar. This has given America ultimate power over…
Paper Money Collapse – GoldMoney interview
Last week I had an interesting discussion with Detlev Schlichter, who has recently published his book, Paper Money Collapse. For a comprehensive introduction to…
Eurozone banks and contagion risk
Greece has now defaulted, and other eurozone governments as well as agencies such as the International Monetary Fund, European Central Bank and European Investment…
The Fed gets creative
According to a story in Wednesday’s Wall Street Journal, the US Federal Reserve is considering buying long-term Treasury and mortgage bonds in return for…
The way forward for Greece
Last Monday night, before the US markets opened after President’s Day, bailout terms for Greece were announced. The detail is secondary to assessing whether…
The destruction of savings by inflation
In the past, insurance companies and pension funds have been keen to advertise the benefit of compounding arithmetic for savings. Over the last 30…
The fallacy of economic growth
The most important objective for any government is to achieve economic growth. Out of this growth develops employment and taxes to fund government itself….