In praise of Hayek’s masterwork
Friedrich von Hayek first published The Road to Serfdom in 1944. His book was subsequently popularised by a condensed version in The Reader’s Digest….
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In Defence of Free Markets
Why is it that no one defends free markets, and socialism, despite all the evidence of its failures, comes back again and again? Unsurprisingly,…
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Why monetary easing will fail
The major economies have slowed suddenly in the last two or three months, prompting a change of tack in the monetary policies of central…
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The Arrival Of The Credit Crisis
Those of us who closely follow the credit cycle should not be surprised by the current slide in equity markets. It was going to…
Read MoreTime 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…
Read MoreWhy 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…
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