America
Letter From Stafford, Three
I don’t get out as much any more now that I’ve learned to do my work online. Slouching behind a steering wheel 200 miles a day has been replaced by slouching at a screen waiting [more…]
Business
Business
Is The Pendulum Swinging Back To Sanity?
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…]
Business
Civil Servants
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…]
America
Economic Evolution: Darwin’s Idiot Speaks, Part Five
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…]
Business
The death of the middle class is the death of civil society
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…]
America
Economic Evolution: Darwin’s Idiot Speaks, Part Four
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…]
Business
The death of the middle class is the death of civil society
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…]
Business
Economic Evolution: Darwin’s Idiot Speaks, Part Three
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…]
Business
Economic Evolution: Darwin’s Idiot Speaks, Part Two
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…]