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...
They Voted Leave The BREXIT referendum is over, more emotion than information sadly and much nonsense talked about economics, so a few pointers to hopefully throw some light where none has been hitherto. Let us look at some numbers but...
What is a ‘common currency’? It is frustrating to hear Eurosceptics argue that the common currency is the source of Europe’s woes, there are indeed many causes but the euro is not one of them. I have already written a...
There has been more wailing and gnashing of teeth this week because Google has not paid its ‘fair share’ of tax. We heard much the same about Starbucks & Amazon, it’s a story that comes around every few months...
For the conviction Free Trader, the international classical liberal TTIP is  very natural progression in a global society especially between two great trading blocks theUSA and the EU. It begs the expectation of such supporters of 19th century advocates...
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...
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...
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...
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...
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...

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