What Is Legal Money? Before delving into the dangers of eliminating cash and mandating that all transactions be conducted by digital means, let us briefly discuss the legal aspects of money. In the United States, [more…]
“Whom the gods would destroy they first make mad”. This ominous observation, made by nineteenth century American poet Henry Longfellow, confronts rulers riven by internal discord so deep that it immobilises any capacity for coherent action. [more…]
If this kind of theoretical reasoning seems too abstract, let us think about it more practically: Any public servant, any member of government, and even the leader of a nation, has very different motivations than [more…]
For decades already, one of the most popular and commonly employed attacks of Keynesians and other left-leaning economists was the one against the idea of “trickle down economics”. They ridiculed the notion that a rising [more…]
A good start Whatever one might think about which currency is better suited to be used in trade or as a benchmark or as a central bank reserve, the fact remains that the USD’s days [more…]
Endless ink has been spilled by economists and financial analysts in their efforts to predict the impact of de-dollarization. As might be expected, most of those who embrace a US-centric view of the world and [more…]
There is clearly a common denominator in the kind of “solutions” that the State comes up with to deal with the problems that it caused (and that’s most problems). Not only are these remedies worse [more…]
I spent over forty years in the City of London very largely specializing in pension & trust fund management. The latter decade in tax effective investment. We live in a kleptocracy which seems to have [more…]
The definition of “family values” in most dictionaries includes features such as “upholding the moral and ethical principles of fidelity, honesty, truthfulness; and values that promote the sound functioning of the family, at the same [more…]
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