Time Is Money, Money Is Time
Life’s but a walking shadow, a poor player who struts and frets his hour upon the stage and then is heard no more. -Macbeth…
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Why China should remove all trade tariffs
I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay…
Read MoreThe psychology of systemic consensus
We are all too familiar with established views rejecting change. It has nothing to do with the facts. Officialdom’s mind is often firmly closed…
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How Gibson’s paradox has been buried
Until the 1970s, all recorded history showed that bond yields were tied to the general price level, not the rate of price inflation as…
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The Credit Cycle Is On The Turn
We are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the…
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We should ditch GDP as a measure of economic activity
This article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an…
Read MoreHong Kong and the road to recovery
We are following the road to perdition There is increasing awareness that another financial crisis is in the offing, and, of course, everyone has…
Read MoreJohn Law – 300 years on
Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble,…
Read MoreMacroeconomics Has Lost Its Way
The father of modern macroeconomics was Keynes. Before Keynes there were macro considerations, which were firmly grounded in human action, the personal preferences and…
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Irrational Beliefs Are Ruling Markets
To understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of…
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