The forthcoming global crisis
The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is alway...
Goldmoney Insights
Further thoughts on Gibson’s paradox
“The paradox is one of the most completely established empirical facts in the whole field of quantitative economics.” – John Maynard K...
Gold – crossing the Rubicon
Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it coul...
The fiscal benefits of free trade
Western governments have an overriding problem, and that is they have reached or exceeded the bounds of taxation, at a time when legally man...
Cryptocurrency - its status as money
The cryptocurrency craze is fascinating to an economist, or at least a student of catallactics, because it is a test of the theory of exchan...
Follow the money
Since 2009, equities and other financial assets have climbed a wall of worry. Initially, it was recovery from the threat of a complete finan...
How can the Fed possibly unwind QE?
There are currently two important items on the Fed’s wish list. The first is to restore interest rates to more normal levels, and the seco...
The Golden Revolution, Revisited: Chapter 6
This Insight is the ninth in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 20...
The logic of a modern gold standard
In last week’s Insight, I analysed the current geopolitical situation and concluded that it was now in the interest of the Shanghai Cooper...
The Golden Revolution, Revisited: Chapter 5
This Insight is the sixth in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 20...