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Hyperinflation

20th Century

Sound Money Can Prevent What Representative Democracy Does Not

17th August 2022 Patrick Barron 0

One of the arrogances of “Western” nations is that our way of life and our liberties are protected by periodic elections as required by constitutions, written (America) or not (Great Britain), containing bills of rights, [more…]

Conservatives

The New Prime Minister – The Acid Test

1st August 2022 Emile Woolf 0

What a spectacle! Two former colleagues, erstwhile members of Boris Johnson’s discredited cabinet, now vying with each other for the top job. Collegial unanimity of purpose has given way to visceral rivalry – gloves off [more…]

Economics

A crack-up boom in the making

15th June 2022 Going Postal 0

The great Ludwig von Mises first described the concept of a crack-up boom as part of the Austrian business cycle theory, based on real life events that to an unsuspecting bystander might have appeared unconnected, [more…]

Business

Inflation outlook – A battle lost before it started

6th June 2022 Going Postal 0

After months of consumer price increases and after countless working households found themselves in dire financial straits struggling to make ends meet, in the late May, President Biden finally revealed his grand plan to fight [more…]

Economics

A Very Short Primer on What Causes Inflation

28th March 2022 Patrick Barron 0

What almost everyone calls “inflation” is really a rise in the general price level. OK. But the real definition of “inflation” is inflation of the money supply. A rise in the general price level is [more…]

Business

Economic Idiocy Repeated, Part 2

21st February 2022 Emile Woolf 0

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…]

Business

Economic Idiocy Repeated, Part 1

14th February 2022 Emile Woolf 0

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…]

Authoritarianism

When Suppliers Prefer Their Goods to Our Pounds

11th October 2021 Emile Woolf 0

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…]

America

The Greatest Threat to the US Is NOT What Most People Think

4th October 2021 Patrick Barron 0

Here’s a challenge for readers: Stop reading right now and write down at least five threats to the US. Rank them in order of most serious at the top. Ask family members or friends to [more…]

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