Finance and money
Will Universal Basic Income (UBI) Eradicate Poverty? There is an old saying that goes like this: ‘The road to hell is paved with good intentions’ and this is why I want to talk about the concept of universal basic income today. This idea has been around for a long time but seems to be getting some traction of late as we have heard that Autonomy… Read More »Universal Basic Income
Convenience at the Cost of Individual Freedom Most of you have probably noticed that the use of cash has been diminishing for the last ten years as technology evolves and more people use contactless cards, Apple Pay, online banking and other kinds of rapidly evolving technology. Covid-19 and the government-imposed lockdowns of 2020 and 2021 were also used as an excuse to increase our dependency… Read More »The Digital Pound
Many of you have of course been aware of the crisis in the UK government bond market following Chancellor Kwasi Kwarteng’s recent minibudget, in which more tax cuts and government spending were promised. The UK government bond market or Gilt market, is the market in which the government taps investors worldwide for funds and in exchange, investors receive a bond with a promise of interest… Read More »Time to Pay The Piper
Almost everyone by now has heard of Bitcoin and the various other Cryptocurrencies, often referred to as “alt coins”. But what is Bitcoin and the thousands of digital currencies all about, and why have they become so popular in the thirteen years since the Bitcoin white paper was published in October of 2008? The Great Financial Crisis or GFC of 2008 led to many people… Read More »Cryptocurrency
Unless one has studied the history of gold, money and the monetary system of the last 120 years or so you will know little about Sunday, August 15, 1971. Even if you have a higher education degree in economics or finance it is not certain that you will either or if you do know about the date I venture to say that you might not… Read More »A Sunday to Remember
With the advent of the crisis that we have been under since March of 2020, the UK government via HM Treasury and the Bank of England have responded with massive fiscal and monetary stimulus. This is essentially to keep people from starving and paying their bills as huge swaths of the economy have been shut down or have had restrictions imposed upon them. There is… Read More »Who Will Foot the Bill?
Most people take inflation as being the increase in the price of goods and services and a lot of time blame greedy businesses, labour unions and speculators for inflation. It certainly seems to be a valid explanation of inflation but in this article we will look back at the classical definition of inflation that has not been taught in schools or universities for about fifty… Read More »Understanding Inflation
Money is a subject that is on everybody’s mind and the most obvious reason for that is because the great majority of people almost always do not have enough of it. Today though, we are going to look at what money really is and how money evolved through time and in society, and the functions that money should have. My hope here is not help… Read More »Understanding Money
