Economics

Red Tape

21st July 2019 Going Postal 0

As some of you may remember my Mother died back at the end of March. She was nearly 100 so it was not really unexpected but when it did happen it was not helped by [more…]

The Necessary and Inevitable Recession to Come

17th June 2019 Patrick Barron 0

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…]

Counterfeiting Money Is a Crime, Whether by the Fed or A Private Individual

4th April 2019 Patrick Barron 0

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…]

The Truth About Central Banks

19th February 2019 Patrick Barron 0

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…]

Laying The Donkey

17th November 2018 Going Postal 0

I’ve mentioned a few times in the comments about my involvement in ‘betting on horses’ and have often been asked exactly what I do. Well since one poster suggested it may make an interesting article, [more…]

The Fallacy of the Labour Theory of Value in 5 mins

13th November 2018 Shibusa 0

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…]

A Simple Example to Explain Some Austrian Economic Principles

1st November 2018 Patrick Barron 0

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…]

My word is my bond

14th June 2018 El Cnutador 0

“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…]

The Bid Process

5th June 2018 Leopard 0

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…]