A good definition of the Tragedy of the Commons is that “Resources that are un-owned and/or un-ownable will be plundered to extinction”. Consider the fishes of the seas, especially those that migrate such as whales [more…]
A well-designed tax policy would extract from citizens’ wealth what’s needed by the government to protect their lives and civil liberties. It would not be designed to achieve purely political objectives, no matter how dressed [more…]
I went to a bookstore and asked the saleswoman, ‘Where’s the self-help section?’ She said if she told me, it would defeat the purpose. George Carlin! The above has nothing to do with this blog!! [more…]
I have long thought about and written about the incredible opportunities that decentralized digital technologies have brought forward, especially when it comes to solving financial and monetary problems. The more these technologies and their applications [more…]
Prior to becoming interested in precious metals I had never visited the inside of an auction house, let alone placed a bid. However, during the last lockdown I discovered that auctions can be a rich [more…]
The common thread that connects failed societies, from Weimar Germany to the Soviet Union, is an almost pathological insistence on denying reality. Weimar Germany denied that masses of printed money would destroy civilized society. The [more…]
In 1985 I worked for Mitsubishi Electric and that gave me the privilege of visiting Japan three times and getting to know something of the Japanese working and business psyche. It introduced me to Japanese [more…]
Claudio Grass (CG): During the first wave of lockdowns and travel bans we saw a lot of disruptions in the physical precious metal market. With delivery delays and logistics problems, has the situation fully normalized [more…]
Expenditure by “Big-government” is not readily susceptible to economic calculation. Therefore it’s impossible to know whether citizens would support central or local spending proposals – and they are never consulted anyway. The result is often [more…]
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