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…]
Some more on the background context of how Kenya got to where it currently is. The presidential contest election was effectively a two-horse race between Deputy President William Ruto and veteran politician Raila Odinga. Neither [more…]
By now even Treasury officials and central banks recognise that their practice of Quantitative Easing has run its course. In its contemporary form, QE began a dozen years ago as a temporary emergency measure enacted [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…]
21 August 2022 Westerners, the outgoing president (Uhuru Kenyatta), and former opposition leader (Raila Odinga) wish to force a barmy government in which the pursuit of citizen wellbeing is halted in favour of pursuing undefined [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…]
Since my last ‘Going for Gold’ article I have been asked, from time to time, for advice about the best type of gold to buy and where I would recommend buying it from. I will [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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