The wrong kind of consumption
Since our last attempt at a textual analysis of where the economic pain threshold lies for China’s rulers, the intervening period has been punctuated…
Time and Money
Continued from Et in Arcadia ego Here we come full circle, for what this essentially presumes is that there exist no means by which to…
Et in Arcadia ego
Continued from Been there, done that, bought the T-shirt Having broadly tried to demonstrate where we differ from our rivals and where we find their…
Been there, done that, bought the T-shirt
Continued from Scylla & Charybdis The guilty secret shared by many disciples of these two schools is that they are well aware that theirs…
Scylla & Charybdis
Continued from The Divinity School debate. The devotees of monetarism start from the observation that what they call ‘money’ tends to move in a…
The Divinity School debate
“…the stoppage of issue in specie at the Bank [in 1797] made no real addition to the financial powers of the country. On the…
Playing with fire
Once again, the European press is trumpeting the triumph of the prodigals after a week in which both the Spanish and the French were…
Shifting sands – part 3
Continued from part 2 … Finally to China where the only thing to note is that the meme of credit exhaustion is starting to…
Shifting sands – part 2
Continued from part 1 … Away from the brouhaha over fiscal policy, the intertwined issue of its monetary equivalent comes into focus. Perhaps in…
Shifting sands
In what was a banner week for the many serial inflationists and fans of Big Government out there, equity markets largely reversed the declines…