Central banks are enemies of a free and prosperous society. Let me count the ways. Like the military, central banks are creatures of the state. Suggestions of them being independent are pure fantasy. There is [more…]
We must be cautious how we welcome Andrew Bailey, Mark Carney was certainly the worst governor in post war history so CoCo the clown would look good initially. He has to date been what a [more…]
Economists, conservative investors and market observers have been issuing stern warnings for years regarding the severe impact of the current monetary policy direction. The problems In a recent statement, ECB Vice President Luis de Guindos [more…]
As my regular readers know, most of my essays are forays into challenging economic issues. They reflect my own attempts to gain an understanding of their underlying principles. But there’s a lot riding on the [more…]
There are numerous and wide-ranging reasons why someone may choose to invest in physical precious metals. A deep understanding of monetary history provides plenty of solid arguments, and so do the mounting geopolitical risks, the [more…]
We are well into the protest season. The long run-up to the election period has been characterised by one protest after another – no-deal Brexit, climate change, arms sales, Tommy Robinson, police brutality, capitalism, Trump’s [more…]
The great Spanish master, Francisco Goya, expressed it concisely: “The sleep of reason produces monsters”. Today, wherever you look, insanity masquerades as rational thought. Lunatics flout their blatantly potty views as if they carried the [more…]
The US Department of Defence is a major customer of many private sector suppliers, including the Boeing Company. Although relationships between customer and supplier are mutually beneficial, that is by no means the only reason [more…]
“The intellectual leaders of the peoples have produced and propagated the fallacies which are on the point of destroying liberty and Western civilization.” Ludwig von Mises, Planned Chaos It took multiple meetings and over 50 hours [more…]
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