Economics and society
Many blame Brexit for the current economic malaise the U.K. finds itself in and that if we elect a new party, Labour, to power that they will be able to turn things around. Unfortunately, things are not as simple and my point here is not to pick a party over another but to look at what, in my opinion, are the root causes the current… Read More »Economic Woes
The Biggest Monetary Event of the 21st Century? Up until World War I there was no world or global monetary system as nations used gold and silver as money and national currencies or bank notes were just receipts for specie or coins. There were some rules nations followed but it was not as official and institutionalised. The nations of the world had not set up… Read More »Biggest Monetary Event
Sacrificed for House Prices Money or currency is never a simple topic even though it should be. Back on November 19, 1967, Prime Minister Harold Wilson said the following after the pound was devalued by 14.3% versus the then “good as gold” dollar: “It does not mean, of course, that the pound here in Britain, in your pocket or purse, or in your bank, has… Read More »Pound In Your Pocket
I have written about inflation before but I think it is more important than ever to revisit the topic as consumer and retail prices continue to rise at rates not seen since the 1970s, major workers’ strikes continue to afflict and disrupt the U.K. economy. It was economist Milton Friedman who once said that inflation is always a monetary phenomenon so with that in mind… Read More »Government inflation
As the economic situation deteriorates, we are seeing governments around the world start to change the economic data and even the way they define economic recessions. Usually we are told that governments like the one in the U.K. and the U.S. can be trusted with the data and that one should not believe anything governments from China and other emerging market countries publish in term… Read More »Fiddling Economic Data
With the average UK Nationwide house price reaching a nominal all-time high £269,914 in May of 2022 there is plenty of debate going around in the media, politics and the economic spheres of how to make housing more affordable. What we will be looking at here is first, the popular reasons given for why it is getting for, not only young people to get on… Read More »Housing Affordability
We have been warning about the consequences of inflation for quite a few years, while some like economist Roger Bootle, on the other hand, even wrote a book entitled The Death of Inflation. How could an economist have been so wrong and we right? We hope to clarify this in this article. We have been warning the readers of this publication too, as about a… Read More »Westminster Street
We might get bogged down with what the price of gold in the short term but what we need to understand it that gold has acted as a store of value or wealth for millennia. Fiat currency, paper money or what we use as money today as always returns to its intrinsic value: zero as Voltaire once said. Even though the world’s monetary system was… Read More »Essence of Gold
The topic of economics is often shrouded in mystery and arcane terms like GDP, marginal utility, money velocity and many other terms that make the people on the street roll their eyes and completely ignore the subject. So in this article we will be looking at the origin of the word economy, we will be looking at how and why the so-called economics profession has… Read More »Economics
