The greatest trick
by“I believe in an America where millions of Americans believe in an America that’s the America millions of Americans believe in. That’s the America…
Inflation
The triumph of politics
byOn August 15, 1971, President Richard Nixon declared that the United States would no longer honour its promise to exchange US dollars held by…
Happy interventionists: the economist’s attack on your property
byLast week, DIW – the Deutsches Institut für Wirtschaftsforschung (German Institute for Economic Research) – an influential think tank, proposed an ingenious solution to…
From deflation push to inflation shove
byDefining terms Economists have a word for recessions that occur prior to a previous GDP peak: A depression. Yes, when the normal economic growth…
Prozac-craving markets
byIn my view, there is no escaping the fact that things are not getting better. If anything, they are getting worse. Following the large…
Here be dragons
byInevitably, when yet another false dawn for the Sinomaniacs turned into a lowering twilight, the newswire reporting surrounding the latest Chinese PMI numbers included…
The Little Book of the Shrinking Dollar
byWhy am I so sure of the ultimate fate of the US dollar? One simple fact: it’s just paper. Every paper currency in the…
Does JP Morgan’s massive loss favour the argument for more controls?
byOn Friday May 1 2012, JP Morgan Chase & Co said it suffered a $2 billion trading loss. Some commentators have suggested that the…
15 years of the MPC
byA brilliant video from our friends at SaveOurSavers, celebrating 15 years of the Monetary Policy Committee:
Explaining the growing wealth divide
byIn the past year we have witnessed the growing influence and clout of the Occupy Wall Street movement in the States, the St. Paul’s…