It is distressing to witness yet another piece of financial chicanery by the British government, which now proposes to substitute … Continue reading “British government DEFAULT”

Over the past year there have been murmurings of expansive new proposals for a global reserve currency to replace the … Continue reading “The Bancor – doomed to failure?”

A trillion here, 500 billion there – it seems no amount is too much when the authorities want to fix a perforated economy. … Continue reading “Do we need a central bank?”

Language was created spontaneously and needed no act of creation or sanction by the state – it is owned by … Continue reading “The elephant in the room: debasement of our purchasing power”

The world is filled with irony and idiocies aplenty. For how many years was inflation targeting the very essence of … Continue reading “Inflation must follow”

If the next government, of whatever colour, insists on not taking the bold step of getting the government out of … Continue reading “Price-level targeting – the next big idea?”

The Royal Institution of Chartered Surveyors (RICS) announced today that they had changed their forecast on house prices for 2009, and that instead … Continue reading “What’s wrong with falling house prices?”

A couple of days ago the bogus Consumer Price Index registered a dip to an annual rise of 2.3%. The … Continue reading “Mixed signals from inflation data”

The British government, in common with many other governments, has embarked on a policy of “quantitative easing” [QE], also known … Continue reading “Inflation: can we trust the politicians?”