In Lewis Carroll’s “Through the Looking-Glass” Humpty Dumpty tells Alice: “When I use a word it means just what I choose it to mean—neither more nor less.” Humpty’s subjective approach to verbal meanings is of [more…]
As my friends and clients know very well, but also anyone who has read any of my writings before, I always held that understanding history and geopolitics is one of the most important elements of [more…]
It is often said by “our guys” that the Eastern Europeans are resistant to many of the problems Western Europe and other US vassal states currently experience because of their history of communism, the suggestion [more…]
Any catalogue of economic legends would of course include the 2008 visit of Queen Elizabeth to the London School of Economics, when the country was experiencing an unprecedented housing market bubble based on the irrational [more…]
Over the second half of January, we witnessed a fresh wave of volatility in equity markets, culminating in a pullback that caused widespread concern and endless headlines in the mainstream financial press. There was speculation [more…]
I’d like to begin by introducing you to a rather special lady. She was born in February 1957, the first of twelve sisters. A real local lass, she lived and worked from the Humber all [more…]
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…]
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