Macroeconomics 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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Singapore, Trade and Geopolitics
The Western media was incredulous. The Donald had disregarded diplomacy, scuttled out of the G7 meeting in Canada without endorsing the G7 agreement, and…
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Living Dangerously
Regular readers of Goldmoney’s Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms…
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The Relevance Of Hayek’s Triangle Today
Most of us are aware of the inflationary pressures in the major economies, that so far are proving somewhat latent in the non-financial sector….
Read MoreThe Worst Man In Modern History
It seems extraordinary that in defiance of all factual history and philosophical knowledge anyone should celebrate the bicentenary of the birth of Karl Marx….
Read MoreLaw of Comparative Advantage
The debates about Brexit and President Trump’s trade machinations have demonstrated the blindness of otherwise intelligent people to the Law of Comparative Advantage. Let…
Read MoreEconomics 101: Who Sets Prices?
Since the advent of nineteenth century socialism, politicians and economists in the centre ground have argued for a balanced approach, where vital services are…
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The Deflation/Inflation Debate
“Naïve inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.” ― Ludwig von…
Read MoreTrade wars
An overt trade war has commenced. President Trump has fired the starting gun, setting in motion an election promise, part of his Make America…
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