It’s time to end the cruel delusion of cheap money and reckless spending
Steve Baker has written an article for today’s City A.M. calling for an end to the ‘cruel delusion of cheap money and reckless spending‘:…
Read MoreFiat money
The euro – lessons from history
When currencies and monetary arrangements have broken down it has always been because the currency issuer can no longer fight the lure of the…
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The Little Book of the Shrinking Dollar
Why am I so sure of the ultimate fate of the US dollar? One simple fact: it’s just paper. Every paper currency in the…
Read MoreFiat money: the root cause of our financial disaster
A view from America, previously published at Forbes.com on August 15th Is it possible that the ghastly unemployment, stagnant growth (and possible double-dip recession),…
Read MoreThe curse of Babel
A very old and well known story is told in Genesis 11. It is the story of the curse of Babel: Now the whole…
Read MoreGold is not in a bubble; paper money is collapsing
From Paper Money Collapse, 23 May 2011. The widely-read Lex column in today’s Financial Times ran an article on gold ETFs (exchange-traded funds) that…
Read MoreBeyond Repair – This will not have a happy ending
The main problem with having discussions about economics and financial markets is this: People look at these complex phenomena through entirely different prisms; they…
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