Classical liberalism and libertarianism are very difficult concepts to explain to post war generations to whom the government often seems a benevolent if grossly incompetent structure for delivering services to them and their families. Most of these services were...
The electorate of the industrial democracies broadly seem to accept the role of the State in every aspect of their lives, education, health & pensions being prime examples. This is largely unchallenged by modern press, media and politicians. No...
As a not infrequent visitor to Hindustan, that market place wandering cow, grazing on cut flowers and fruit on the market stalls is an amusing and rather endearing sight. No great damage is done to the sub continent's economy...
Having had a sneak preview of consulting barrister Benjamin Wrench's paper on the concept of risk reward, a concept that built the City of London into the world's most important centre for financial services it might be amusing to...
The relationship between administrative systems and family well-being is long established. IDDE have shown recently working with the Heritage Foundation the marked correlation between strong electoral input and economic freedom, with the not unnatural result GDP per capita is...
Most people get about their business dealing with the currency of their country or zone. Pounds, euros, yuan, yen, they know if they visit the United States it would be dollars. Everyone understands that world commodities are traded in...
I spent 40 years with City institutions, I am so glad to be out of it, I retired in 2004 . It is impossible to value assets in any realistic way. As a neo Austrian economist I understand well...
Gross Domestic Product (GDP) is a Figment of the State’s Imagination You draw up your chair, you switch on the telly and tune into the news. It is all very authoritative, delivered in a manner that brooks no contradiction. Fact...
It has been a source of constant amazement to me after 35 years in the City and ten in politics how few people understand money , I do not mean the scatter brained amongst us who squander it on...
I venture some observations on the concept of money, some if not all of which readers of this website will be familiar but worth setting down for those not keen on sitting by the pool this summer with Schlicter's Paper Money...

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