The most important Brexit issues have been clouded by uncertainty, exacerbated by predictably negative forecasting by supposedly neutral authorities. This has generated a totally unwarranted fear that has paralysed the resolve of even those upon [more…]
Whenever confronting a puzzling situation, it’s worth asking how it came about. When doing this I usually find it helpful to write about it and, given my personal orientation, my way through the maze is [more…]
The Labour Theory of Value (LTV) has always been of interest to me. It is the theory on which nearly all Marxian school of thought rests – debunk the LTV, and you’ve essentially debunked the [more…]
When on holiday in New York and Philadelphia recently, we were struck by the innumerable public benefits that wealthy foundations, trusts, charities and bequests have bestowed upon cities hungry for cultural enrichment. I realise, of [more…]
My colleague Steven Spencer has reminded me of an anecdote relayed by the owner of a brand new Corvette sports car. A bystander speculated: “I wonder how many people could have been fed with the money [more…]
Simple examples can be used to explain what seem at first glance to be complex economic principles. I’ll use a hypothetical yet commonplace experience to explain how money may be used for only one of [more…]
One of last Monday’s blog-readers, “WinstonSmith”, challenged me to describe what I would do if, after Britain has finally left the EU, I were to be appointed Prime Minister! Well, I can’t miss out on [more…]
My mission for this week A number of readers who responded to my post last Monday, on “inflation and interest rate suppression”, asked me to explain the roles of the International Monetary Fund (IMF), the [more…]
Typically, the general public confuses any economic phenomenon with its manifestation. Both are thought of as the same thing. For example, the phenomenon “inflation” is assumed to mean the same thing as its manifestation, which [more…]
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