Clik here to view.
Why QE Didn’t Cause Hyperinflation
Ben Bernanke, and the Keynesians were right: Quantitative Easing has not caused the kind of inflation that the non-mainstream Austrian economists claimed that it would. The theory was that a soaring...
View ArticleClik here to view.
The Great Hunger
What is the real problem with the global economy? The traditional academic position, espoused by Paul Krugman, Christina Romer and most the White House and Federal Reserve is that this ever since 2007...
View ArticleClik here to view.
Stagnation Nation?
It has long been my view that most of the seeds of the West’s ills were sown in the 1970s: that was the decade when Western consumerism began to be sated by Chinese imports, and Arab oil, and the...
View ArticleClik here to view.
America Priced in Gold
Let’s imagine that the gold standard was not abolished in 1971, and was instead maintained — or, alternatively, assume that only gold is money and that other things are merely paper intermediaries....
View ArticleClik here to view.
China Beats War Drum Over Taiwan?
As I have stated before, China has no reason to be belligerent to America, or to accelerate the death of the dollar as the global reserve currency. Firstly, this is because the current world order is...
View ArticleClik here to view.
Junkiefication
What does the market slump of the past couple of days show? When the market prices in favourable government intervention (endless free cash), and the government doesn’t meet expectations the...
View ArticleClik here to view.
Old Hatreds Flare Up…
It looks like I’m not the only political commentator to evoke the spirits of the past on Europe’s current breakdown (or breakdowns). From the Daily Mail: Greeks angry at the fate of the euro are...
View ArticleClik here to view.
The Abolition of Deflation
Modern economics has been a great experiment: Economic history can be broadly divided into two eras: before Keynes, and after Keynes. Before Keynes (with precious metals as the monetary base) prices...
View ArticleClik here to view.
America’s Eurasian Endgame
I have written before of the Chinese aim in this great international game: I believe that the current world order suits China very much — their manufacturing exporters (and resource importers) get the...
View ArticleClik here to view.
The Decline and Fall of the American Empire
Does the hypochondriac who is ultimately diagnosed with a real, physiological illness have the right to say “I told you so”? Well, maybe. Sometimes a “hypochondriac” might be ill all along, but those...
View Article
