20th Century
South American Journey, Part One
More writings by uncle, John Alldridge. This time he is reporting from South America in 1960 for the Birmingham Evening Mail – Jerry F I am writing this at a window seven floors up above [more…]
Business
20th Century
The real failure of “trickle down economics”
For decades already, one of the most popular and commonly employed attacks of Keynesians and other left-leaning economists was the one against the idea of “trickle down economics”. They ridiculed the notion that a rising [more…]
America
The demise of the dollar: What comes after that?
A good start Whatever one might think about which currency is better suited to be used in trade or as a benchmark or as a central bank reserve, the fact remains that the USD’s days [more…]
America
The demise of the dollar: What comes after that?
Endless ink has been spilled by economists and financial analysts in their efforts to predict the impact of de-dollarization. As might be expected, most of those who embrace a US-centric view of the world and [more…]
America
Pennsylvania Legislators Want Higher Unemployment, Government Dependency, and Crime
Last Tuesday, June 20th the Pennsylvania House of Representatives passed a bill to raise the Commonwealth’s minimum wage to $15 per hour by 2026. Although the bill is unlikely to pass the Senate, it seems [more…]
America
Debt cancellation: the new panacea?
There is clearly a common denominator in the kind of “solutions” that the State comes up with to deal with the problems that it caused (and that’s most problems). Not only are these remedies worse [more…]
America
Do Not Mourn the Fiat Dollar’s Demise as a Reserve Currency
The US dollar has been the world’s premier reserve currency since the Bretton Woods Agreement of 1944. Until 1971 it was redeemable by foreign central banks in gold at $35 per ounce. As long as [more…]
Business
“Inflation it is not an act of God”
Over the last couple of years, the UK has been increasingly in the news – for all the wrong reasons. The cost of living crisis, in particular, has been monopolizing headlines at home and abroad. [more…]
Business
A bank is a bank is a bank – Part II
A real systemic crisis If there was one thing more telling than the bank failures themselves, it was the governments’ reaction to them. The sheer panic that shook US, Swiss and Eurozone officials was almost pitiable [more…]