I detect signs of a nascent backlash. There seems to be a realistic hope that people are waking up to the reality of the prevailing insanity inflicted on them by officialdom in all its guises. [more…]
I was asked to appear on the Mark Dolan Show (GB News) last week to discuss the proposition ‘Are Civil Servants Inherently Left Wing?’ Irritatingly a technical hitch my end scrapped the debate. The proposition [more…]
FDR had abolished private ownership of gold money but retained gold as the underlying asset for U.S. currency, exchangeable one for the other. Variations in the price of U.S. currency in ounces of gold served [more…]
The blame game As we know from every crisis in human history, and especially the more recent ones, the most important item on any politician’s agenda is to find someone else to blame for it. [more…]
One of Say’s Laws holds that “we produce to consume”. This is certainly the underlying theme of the Industrial Revolution with its accompanying exponential growth in production of technology, communication, and energy utilization. While private [more…]
The middle class in the West has been shrinking for years, but after the covid crisis and especially after the inflation explosion, whatever was left of it is now basically under threat of extinction. This [more…]
Banking came up with its own methods of inflating the supply of legal tender-fiat money, fractional reserve lending. A bank comes to know (a version of the dispersal of knowledge of the market) how much [more…]
Prior to written documents being exchanged as representations of mutually agreed perceived value, the concept of money arose amongst multiple trading groups. This may have taken place prior to the credit/debit system as a substitute [more…]
Having been born into and grown up within the never-ending promise of prosperity guaranteed by Keynes’s gospel that saved us all from the purgatory of the Depression, I like others only began to see a [more…]
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