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…]
With prices increasing rapidly across a wide range of materials, goods and products, especially basics like foodstuffs and energy, it is astonishing that what citizens now encounter every day is so persistently, and perversely, denied [more…]
I wrote a few notes on Warble Gloaming recently, and with the gloomfest that is COP26 looming I thought it might be time to revisit them. Here’s the third, where I try to list the [more…]
After months of outright denials and fiery persistence that inflation is not a problem and never will be, central bankers in the US, the EU and other advanced economies are now being forced to face [more…]
I wrote a few notes on Warble Gloaming recently, and with the gloomfest that is COP26 looming I thought it might be time to revisit them. Here’s the second, on that well-known danger to Life [more…]
I wrote a few notes on Warble Gloaming recently, and with the gloomfest that is COP26 looming I thought it might be time to revisit them. Here’s the first, which I’ve named after an Alistair [more…]
Government economic policy is completely backwards. We are told that massive deficit spending, interest rates driven to zero, and now higher taxes on the “rich” will bring the American economy out of the doldrums or [more…]
Following his interview with Vladimir Lenin on the subject of inflation in 1919, John Maynard Keynes quoted the Russian as having said “The best way to destroy the capitalist system is to debauch its currency”, [more…]
Whether it’s the belief that commitment to more infrastructure spending by the state will create more jobs; or that import tariffs are needed to protect domestic industries; or that currency manipulation can boost exports; or [more…]
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