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...
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...
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...
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...
There has been some disingenuous double speak on the subject of Scottish Independence post election at which they triumphed with a platform for independence from the United Kingdom as strong as the conservative party's overwhelming endorsement of independence from...
The UK is agonising over BREXIT, the debate drags on, the negotiations go nowhere, but we are addressing the wrong problem. Look at the numbers, forget the rhetoric. Small & medium size businesses account for 80% of the U.K....
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...
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...
Greece has been adopted as a cause célèbre by euro sceptics who have portrayed the debt situation as an example of EU and ECB bullying, an assault on democracy and the Greek people. This is quite natural, politics is...

Bank Bail Ins

A number of Going Postal subscribers have asked me to cover the concept of Bank Bail Ins. My intention therefore with this essay is to outline the idea for the intelligent layman rather than the economics undergraduate, for whom I...

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