By now even Treasury officials and central banks recognise that their practice of Quantitative Easing has run its course. In its contemporary form, QE began a dozen years ago as a temporary emergency measure enacted [more…]
Interview with Jeff Deist, President Mises Institute, Auburn, USA Division, friction and polarization have been on the rise in the West for at least a decade, but the escalation we saw during the “covid years” [more…]
A new monetary age is coming and sooner than anyone thinks. Since 1971 the world’s monetary system has been unanchored from anything of intrinsic value. In the fall of that year President Nixon took the [more…]
The Fascist Boogeyman awakes again The threat of a far-right takeover has been around for at least three decades in Europe and Italy has been one of the best “candidates” for the “beginning of the [more…]
When the collapse of the Italian government was officially announced, on July 21, many political observers both in Europe and across the rest of the West, were aghast. If Mario Draghi, the central banking messiah [more…]
A paradox is an apparent absurdity or contradiction that, on close investigation, is found to be true. What’s happening in government right now is hardly paradoxical – it certainly appears to be both absurd and [more…]
In Lewis Carroll’s “Through the Looking-Glass” Humpty Dumpty tells Alice: “When I use a word it means just what I choose it to mean—neither more nor less.” Humpty’s subjective approach to verbal meanings is of [more…]
Any catalogue of economic legends would of course include the 2008 visit of Queen Elizabeth to the London School of Economics, when the country was experiencing an unprecedented housing market bubble based on the irrational [more…]
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…]
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