Alasdair Macleod

Describing evolving inflationary conditions as stagflation misses the point about today’s inflationary conditions. Stagflation was originally used only in the context of excessive wage…

Investors and others are confused by the early stages of accelerating price inflation. One misleading belief is in cycles of industrial production, such as…

There has been a significant shift in geopolitics in recent months, with the US consciously deciding to withdraw from Asian conflicts, notably in Afghanistan….

Yesterday, the FOMC released its June statement which only served to remind us that its members are powerless in the face of inflationary conditions….

It has been recently estimated that global debts stand at $284 trillion equivalent, representing 355% of global GDP. Estimates such as these must be…

This article explains the fundamental mistake behind Keynes’s General Theory, the vade mecum for all macro and mathematical economists today. It is no exaggeration…

So long as the fiat-based monetary system continues with accelerated money-printing, the US trade deficit will continue to widen. This is due to the…

The most important event in the new year is likely to be the Fed losing control of its iron grip on markets. The dollar’s…

In all the economic mayhem ahead, no one is yet thinking of the consequences for trade imbalances. The twin deficit hypothesis informs us that…