Mention the term “legal tender” in polite company and most people will resemble a deer in the headlights. In simple terms legal tender laws grant monopoly status to money, usually fiat, produced by government; i.e., [more…]
I have written on the subject of currency debasement many times, but it is now reaching crunch-time – even for the pound, dollar, yen and euro. Most respected economists persist in defining inflation as a [more…]
In the latest New York Times Book Review Wes Enzinna reviews Michael Shellenberger’s San Fransicko: Why Progressives Ruin Cities. Mr. Enzinna, who is critical of the book, acknowledges that one in one hundred of San [more…]
Campaigns to improve working conditions, union-led protests, strikes for better wages and tensions between workers and employers have always been part of our social, political and economic reality and are really nothing new. After all, [more…]
Why do I persist in writing these essays on economic issues? Certainly not to influence government policy – that would indeed be a forlorn hope, despite the strength of support coming from most of my [more…]
As a long term number cruncher in the field of investment management & life assurance & pension mortality data I am constantly amazed how long journalists, politicians, academics & scientists on the public payroll can [more…]
Unsound money, unsound society Of course, one of the most important and consequential parts of the incredibly complex organism that is the economy is money itself. It is its lifeblood and as the song goes, “it [more…]
Eagerly anticipated by coin collectors across the world, the 2022 Proof Sovereign range was launched by the Royal Mint on 15th November and sold out within the first hour. Dropping the usual Pistrucci designed George [more…]
So much of our time, energy, and resources have been sacrificed to the Global Warming Hysteria without subjecting the issue itself to rationality and logic. I intend to provide a logical step-by-step approach that may [more…]
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