America
IMF at the door
On my list of recommendations in YouTube the other day was an extract from TalkTV. It was a discussion between presenter Peter Cardwell and Liam Halligan. You may remember Liam, he had his own show [more…]
Printing Money
Economics
The Cantillon Effect…. Or how printing money entrenches wealth and power at the expense of everyone else……..
It’s one of those wonderful explanatory ideas that is obscure in that very few people know what it is but outlandishly obvious and essentially undeniable once you hear it. When you’re going to print money [more…]
America
Sound Money Required for Real Budget Discipline
News here in the US has been full of the latest farce known as raising or not raising the debt ceiling. Today (Thursday, May25, 2023) the Wall Street Journal’s headline story reassures us that progress [more…]
Economics
The lack of affordable housing? Blame it on 12 years of interest rate-suppression
The other evening my wife was watching Question Time on BBC 1. I wandered into the room and listened for 5 minutes, hearing panel members pontificating on what their respective political parties would do/are doing [more…]
Economics
Crisis After Crisis – The Economic Chain Reaction
Several readers expressed surprise that last week’s essay concerned my personal NHS experiences rather than the pressing issues of the day. In such a rapidly changing economic picture no commentary can ever be bang-up-to-date, while [more…]
20th Century
Sound Money Can Prevent What Representative Democracy Does Not
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…]
Economics
Public Waste & Private Thrift
Veteran observers of economic folly have the advantage of experience. They are already familiar with the failed policies being enacted, yet again, by unprincipled politicians whose sole motivation is re-election. In the meanwhile these pillars [more…]
Business
Sound Money Is a Pre-requisite to Peace, Prosperity, and Freedom
There are many good recommendations promoted by Austrian school economists for improving the economy. Although we enjoy successes periodically, most–such as deregulating trucking and airline pricing–involve eliminating previous government interventions. These successes are to be [more…]
Economics
Reality check: The “miracle recovery” narrative
Over the last few weeks, we’ve been constantly bombarded by news reports and “expert” analyses celebrating an incredible global economic recovery. They’re not even presented as projections or expectations anymore, but as a fact, as though [more…]