Youth unemployment in Western Europe and the Anglosphere appears to be becoming chronic. A bit like that summer cold that just won’t go away, yet it is not a global phenomenon. Some of the causes must be assessed. They...
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...
It seems the ‘Western’ Democracies are stumbling into a new dark age, the historical perspective would suggest the Roman Empire has the template for ultimate failure. An inability to protect its borders, the degradation...
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...
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...
https://www.youtube.com/watch?v=gzPGlPZPRWIDear Chancellor,
Fiscal Discipline
The government reaction to the Coronavirus pandemic hypothesis has bordered on hysterical, but we are where we are & the unprecedented national debt is estimated at over...
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...
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 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...
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...
