The Department for Work & Pensions has recntly disclosed that six million adults were on out-of-work benefits just before Britain’s July election – the highest in 30 years. The recent tax rises that, both directly [more…]
Each of the sections in this essay warrants a whole chapter, but this abbreviated format should capture the essential features that prevail throughout the West today. The immigration question 1 – One of the key [more…]
Most economic analysts predict that the US is about to enter into a cyclical recession. Even Austrian School economists, like me, agree. The big question is “What will government do?”. Will it finally stop its [more…]
Executive Global: (EG) We saw a heavy-handed totalitarian response to the events of 2020, something that you also noted and discussed when you recently sat down with HSH Prince Michael of Liechtenstein. What were the [more…]
A common talking point: it is the private sector that actually pays for the public sector, and hence all public services ultimately. This argument is heard so often on the right, and considered such a [more…]
Great forces are in place to change the world in which we have lived since the end of the Bretton Woods Agreement in 1971. These forces cannot be stopped. The leaders of Western democracies are [more…]
One of Say’s Laws holds that “we produce to consume”. This is certainly the underlying theme of the Industrial Revolution with its accompanying exponential growth in production of technology, communication, and energy utilization. While private [more…]
Banking came up with its own methods of inflating the supply of legal tender-fiat money, fractional reserve lending. A bank comes to know (a version of the dispersal of knowledge of the market) how much [more…]
Prior to written documents being exchanged as representations of mutually agreed perceived value, the concept of money arose amongst multiple trading groups. This may have taken place prior to the credit/debit system as a substitute [more…]
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