Inflation: How it occurs and what are its consequences
Inflation: How it occurs and what are its consequences Guided by Austrian school economics, I have attempted to outline firstly the different mechanisms through…
Why do bankers earn so much money?
I was asked recently why it is that market forces do not push down the wages of the top earners in financial services. The…
Europe on the brink
I came across this excellent report by Boone and Johnson from the Peterson Institute for International Economics on the mechanics of how the Eurozone…
Chinese money creation: why the Chinese central bank’s reserve position is no defence.
I have heard it said many times that China’s economy is likely to be resilient as it is sitting on huge foreign exchange reserves….
The Real Housewives of Wall Street
The Real Housewives of Wall Street – Matt Taibbi If you’re an American, this shouldn’t make you angry, it should make you incandescent with…
High Tax Britain
Have you ever wondered how much tax you truly pay? In order to do the calculation, VAT, national insurance contributions from both employees and…
Building White Elephants in China
Loose US monetary policy has had its echoes all around the world. The US dollar, once thought to be “as good as gold”, has…
I’m sure I had another tenner here somewhere
It’s the injustice of the current system that feels so appallingly wrong. If you do not work in the financial services industry or for…
Let universities choose their entrance criteria
A simple tweak to the funding of school exam boards would lead to better standards and more appropriate examinations at lower cost The grade…
Don’t worry! The Bank of England has it all under control
I was amused to read the recent UK inflation reports. The ONS said that in July it “fell” from 3.2% from 3.1% in June….