I wonder what would happen if our bank manager called us in because he was worried about our spending. The Chancellor of the Exchequer of course has no bank manager in the way we do. But he has a...
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...
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...
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...
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...
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...
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...
Offshore, What’s it All About?
There is much in the news at the moment about offshore companies, tax avoidance and tax evasion. There is no merit in exploring tax evasion which is a crime, and needs to be dealt with...
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 tried to explain the role of money in an earlier article, I now make an effort to explain what the ECB is up to. Of course that is no different to what any other central bank is up...
