TTIP – when free trade goes wrong?
byIn 1942, Wilhelm Röpke’s International Economic Disintegration was published. An international order of liberal free trade collapsed through nationalism, protectionism and monetary destruction. Many…
Bitcoin has theory and history on its side
byThe Bitcoin phenomenon has now reached the mainstream media where it met with a reception that ranged from sceptical to outright hostile. The recent…
Is bad weather the key cause behind weak US economic data?
bySome key US economic data shows visible weakening. The National Association of Home Builders/Wells Fargo sentiment index slumped to 46 in February from 56…
Forty centuries of learning nothing
by“The co-authors began working on this book in 1974, just after the termination of President Nixon’s controls in the United States. Since that time,…
All currencies are an inverse pyramid based on the dollar
byWhen US money supply measured by M2 stood at $11 trillion in December 2013, I calculate that total broad money of the next largest…
Bitcoin – The Future Of Money?
byI have begun work on a new book. It is called Bitcoin – The Future Of Money? Once again I am funding it with Unbound. As the more…
Heaven is high and the emperor is far away
byImagine, if you will, a small, isolated hamlet where the daily round proceeds in harmony with the gentle rhythm of agriculture. Ground is tilled,…
Scotland’s currency options
byAn article for the Wall Street Journal … Last week the U.K.’s Conservative, Labour and Liberal Democrat parties got together to administer a Flodden-style…
2014: A year of investing dangerously
byFor those rich in assets, 2013 was a good year. Equity markets, especially in the US, rose substantially. Property markets continued their recovery. Even…
Animal spirits deflating
by“The Fed insists on saving us from ‘everyday low prices’ – they call it deflation. I submit that in a world of technological wonder,…