Perhaps the most destructive premise of modern, mainstream economics is that a central bank-induced monetary/credit expansion can cause an economy to grow without adverse consequences. Let’s be perfectly clear from the start…this policy has been [more…]
A few years ago, shortly after the 2008 subprime lending disaster, the Fed sent a public relations team around the country to conduct supposedly “educational sessions” about how the Fed works and the wonderful things [more…]
Most of the world takes it for granted that central banks are necessary for the smooth conduct of trade, both foreign and domestic. Nothing could be further from the truth. Let’s be clear. Central banks [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…]
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…]
“File:Handshake (16671886014).jpg” by Mark Morgan from Trinidad is licensed under CC BY 2.0 Much has been made in recent days on “bond rolls” and “gilts”. As a technologist working in the financial sector I get [more…]
In every bid process it is important to identify who you are dealing with, the first is pretty obvious – your customer, or potential customer at least. Keep them sweet, give them what they want [more…]
Introduction This is intended to be a short series of articles which it is hoped will cast a little light on the curious world of commercial bids and tenders. While the focus is on [more…]
(All data, graphs and figures from the Office for National Statistics. Available under the Open Government License.) Where to begin? The amount of disinformation before, during and after the referendum on EU membership has been [more…]
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