We seem to be desperately retreating from the age of enlightenment where science was based on evidence & philosophy drove social progress. My main comment on my Twitter Feed now is ‘the...
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,...
As the Brexit debate drags on, there seems to be much confusion about tariffs. Neither politicians nor MSM journalists seem to understand the basic concepts. This is natural as politicians, bureaucrats & journalists made a conscious decision at university...
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...
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...
One of the great historical myths is the American Civil War was fought to abolish slavery. Serious historians know it was neither a civil war, nor was it fought to emancipate slaves. A civil war is about...
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...
Modern Monetary Theory or MMT is supposedly the new kid on the block - espoused by the likes of Paul Krugman, Will Hutton & various other so-called economists - whose claim to fame is a track record...
Britain’s Keynesian press & public service broadcasters view President Roosevelt’s New Deal as something to ‘put on a pedestal’ (Guardian June 27). Sadly the New Deal has gone into mainstream academic & political economic archives as successful, remarkable as...
