Living Dangerously
Regular readers of Goldmoney’s Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms…
The Relevance Of Hayek’s Triangle Today
Most of us are aware of the inflationary pressures in the major economies, that so far are proving somewhat latent in the non-financial sector….
The Worst Man In Modern History
It seems extraordinary that in defiance of all factual history and philosophical knowledge anyone should celebrate the bicentenary of the birth of Karl Marx….
Law of Comparative Advantage
The debates about Brexit and President Trump’s trade machinations have demonstrated the blindness of otherwise intelligent people to the Law of Comparative Advantage. Let…
Economics 101: Who Sets Prices?
Since the advent of nineteenth century socialism, politicians and economists in the centre ground have argued for a balanced approach, where vital services are…
The Deflation/Inflation Debate
“Naïve inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.” ― Ludwig von…
Trade wars
An overt trade war has commenced. President Trump has fired the starting gun, setting in motion an election promise, part of his Make America…
Currency exchange value dynamics
In a recent article I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant…
A Roman lesson on inflation
“While it is the duty of the citizen to support the state, it is not the duty of the state to support the citizen” –…
When will the next credit crisis occur?
The timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the…