Jack Farchy in the FT on $5000 gold
byFT – Bullion bulls talk of $5000 gold Historically, gold and silver were the money of choice, freely chosen by the people as the…
Honest Money
Fiat money: the root cause of our financial disaster
byA view from America, previously published at Forbes.com on August 15th Is it possible that the ghastly unemployment, stagnant growth (and possible double-dip recession),…
The curse of Babel
byA very old and well known story is told in Genesis 11. It is the story of the curse of Babel: Now the whole…
Welfare and the case for honest money
byI do not doubt that the Government is sincere in its wish to make Britain “open for business” and to deliver greater life chances…
The Catholic church in the UK has come a long way from Salamanca
byIn October 2009, Toby and I attended the Ludwig von Mises Institute’s Supporters Summit in Salamanca, the birthplace of economic theory: One of the…
Remember: Real Bankers are Fiduciaries
byThe Interim Report on our banking system by Sir John Vickers was released on Monday. There is no mention in all of the report…
My Journey to Austrianism via the City
byI have spent the best part of the last two decades pitting my wits against the market. It’s an unforgiving game: I’ve seen ups and downs, and many of my rivals buried under an avalanche of hubris, passion, illogical thought and unchecked emotion.
I have witnessed the sheer folly of the ERM crisis, the Asian crisis, the failure of the Gods at Long Term Capital Management and the insanity of the tech boom.
I have enjoyed the ‘NICE’ decade (Non-Inflationary Constant Expansion), and scared myself silly during the credit crisis.
I am a trader. […]
Is Inflationism Part of our Mindset? The Paper Pound & The Bullion Report
byMost people have one principle “asset”: the house they live in. Long gone are the days when your physical house was simply your home…
The violation of Mr Smith
byForty years ago today, Britain moved to decimal currency. A 1971 penny was worth the equivalent of today’s 10p. In recognition of this dramatic…
Despair and hope for monetary reform
byOn Saturday, I spoke again to set out the scale and scope of our financial and monetary mess and again, the audience welcomed the…