Shadowlands
byThe fallacy [that the Bank cannot overissue money] lies in not distinguishing between an advance of capital to Merchants and an additional supply of…
Does the ‘recovery’ matter?
byI was thinking of starting this blog with a cynical comment along the lines of, “last week equity markets came off, I think we…
Asia’s golden future
byFor most of the last century the default currency for international settlements has been the US dollar. This has given America ultimate power over…
What is money?
byOn BBC Radio 4 tonight at 8:30: We dream about it, argue about it, worry about it, celebrate it, spend it, save it, we…
Muppets 1 Gollums 0
byIt was just past 7:00 a.m. on the morning of Saturday, September 13, 2008. Jamie Dimon, CEO of JP Morgan, went into his home…
Laundered money
byUnder cover of its multiplicity of fabricated wars on drugs, terror, tax evasion, and organized crime, the US government has long been waging a…
Firm demographics and capital theory
byBack in December 2011, Anthony J. Evans’s blog post on this site and City AM article on government investment activity displacing private investment offered…
What gives money value, and is fractional-reserve banking fraud?
byI thought I should address a couple of points that I consider to be misconceptions and that frequently come up in discussions with the…
Consider a crash course in money, Mr. Buffett
byDear Mr. Buffett, Now that my hair is grey and since I’ve learned so much from you over the years, I feel compelled to…
Does trade promote peace?
byIn this video treatise Professor Pavel Yakovlev from Learn Liberty expounds the benefits of the ‘Capitalist Peace Theory’ arguing that free trade leads to…