Thorsten Polleit’s recent essay, The Road to a Single Fiat World Currency, explains the dangers of the current trend in the West to eliminate cash and create a world fiat currency in the place of [more…]
Central planners and paper pushers of all stripes are not generally known for their acumen or their ability to recognize and successfully seize opportunities in time. They always tend to lag behind more or less [more…]
The prolonged and repeated lockdowns, business closures and travel bans have caused widespread economic devastation and changed the way all of us live, work and interact with each other. These were the most obvious changes [more…]
Introduction Everybody knows how to use money, but very few people understand what it really is, or how it works. You might think people who work in finance and banking understand money, but I’ve not [more…]
Together with Germans and Greeks, Italians have long been the most stubborn and steadfast of Europeans in their love of cash. For years, they have resisted cards and digital payments and viewed with deep suspicion [more…]
The digital “toll” It doesn’t require too dark an imagination to realize the gravity of the concerns over the digital yuan. China is a true pioneer when it comes surveillance, censorship and political oppression and [more…]
The corona crisis has already taken a very high toll and caused deep damage in our societies and our economies, the extent of which is yet to become apparent. We have seen its impact on [more…]
I am writing this in South Africa, where its currency, the rand, provides a useful illustration of the effects of monetary inflation described in Part 1. When I was last here, three years ago, the [more…]
I am typing this in the SAA Business Lounge of Durban airport, awaiting a call to board a flight to Johannesburg, where we are due to take the last flight to London before all international [more…]
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