A wider perspective.

Ideas and analysis on money, markets and the world around us.

The prospects for money

In my view, this new bout of turmoil in financial markets is the prelude to the final demise of government currency. If I’m right, a long-expected collapse in the purchasing power, and of the very concept of fiat…

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The consequences of leaving the party

The collective decision of the British electorate is to reject the recommendation of its government, excepting those of its few dissenting ministers, that Britain should remain in Europe. It is a signal failure of…

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Brexit is getting the blame

Brexit is not the most important problem facing markets, it is mounting problems in the European banks. But before looking at that systemic issue, I will summarise the Brexit position, from the trenches, in the last few…

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