How much is your pound or dollar actually worth since government has been in control of money?
byThe answer is that the US dollar has lost 98.17% of its purchasing power and the pound sterling 99.42% of its purchasing power. Well done…
Economics
Boris: The Greeks must be rueing the day they whacked the drachma
byBJ’s excellent article today rightly draws comparison between the bailout of Greece and the bailout of Northern Rock. He makes the excellent point that…
Alchemists of Loss, Prof. Kevin Dowd
byWe are delighted to announce a forthcoming book by Cobden Centre Senior Fellow Professor Kevin Dowd and US-based journalist and former investment banker Martin…
Economists: UK economy cries out for credible rescue plan
byVia an open letter in The Times: IT IS now clear that the UK economy entered the recession with a large structural budget deficit. As…
Philipp Bagus on the business cycle
byECONOMISTS IN THE TRADITION OF THE AUSTRIAN SCHOOL have shown that one type of maturity mismatching can cause maladjustments and business cycles. When banks…
More on Greece, the bailout and the Euro
byFollowing up from Anita Acavalos’ article I predict a riot. FT.com, Eurozone leaders back Greek rescue plan Leaders of countries in the eurozone on Thursday…
FT.com – Traders make $8bn bet against euro
byThe Financial Times has an item up about the weight of investor pressure to sell the euro, taking the view, no doubt, that the…
On the Independent Institute
byOne of my favorite think tanks in the world is the Independent Institute www.independent.org. Their web site, scholarly journal and work is of the highest…
Do it for the money
byLast year two police women (WPCs) were discovered to have a reciprocal child-minding arrangement. It was initially declared unlawful. Child minders who receive payment…
Giants fighting in a sandbox
byEven gold is no guarantee to hold value when bloated government currencies compete as to which one can inflate the most. The current problems…