Following my review of Mark Skousen‘s paper on GDE, I was pleased to discover this piece by Ken Schoolland, Professor of Economics, Hawaii Pacific University, chronicling Mark’s contributions to economics. “If I have been able to see farther than others, it was because I stood on the shoulders of giants.” — Sir Isaac Newton Carl Menger, Eugen Böhm-Bawerk, […]
The gigantic sums of credit created out of nothing, causing a doubling and in some cases tripling of the money supplies of Western Governments, over the two-decade boom that we have just experienced, have consequences. Unless you were living at the bottom of the ocean, or on planet Zog for the last three years, the […]
A good article from Robert Jackson Smith: Some legislators in the Commonwealth of Virginia are worried about hyperinflation! See House Joint Resolution No. 557. Should the Commonwealth adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System? Could an alternative currency avoid or mitigate many of the economic, social, and political […]
If you want to read a very genuine and new contribution to the body of knowledge set out in academic terms, I recommend this paper by Mark Skousen: Gross Domestic Expenditures (GDE): the Need for a New National Aggregate Statistic [PDF] Here’s the introduction: In national income and product accounts, Gross Domestic Product (GDP) is […]
I’ve been really encouraged by the response to Robert Peston’s documentary, Britain’s Banks: Too Big to Save?. Lots of people are waking up to the problems at the core of our banking system, and like-minded campaigners are using the documentary to help spread the word. For the Adam Smith Institute, Sam Bowman wrote There’s a big debate […]
Somebody I know is doing a doctorate degree in economics. In Switzerland, all such candidates have to spend several months at Gerzensee, a luxurious manor house owned by SNB, where they are trained in monetary economics. It was at this training, where this picture was taken:
On Financial Sense Newshour this week Bill Laggner and Kevin Duffy, Co-Founders of Bearing Asset Management, join Jim Puplava for discussions about more trouble coming to the markets and economy. http://www.netcastdaily.com/broadcast/fsn2010-1120-1.mp3
Having recently sold my food business, life is moving at a much slower pace, which gives time for thought and reflection before I undertake my next venture or ventures. One thought was: what did I learn from academia that I applied to my business dealings? I concluded that my behaviour was moved by my instinct […]
My second beach reading has been the above named article. Like the last one I reviewed, this is written by one of the giants of the Austrian School, Prof George Selgin. You can download this paper in draft here. For anyone interested in the origins of modern banking, this paper should definitely be consulted. Prof Selgin […]
I always love sitting on the beach in the Caribbean post Christmas, catching up with my neglected reading and getting lots of strange stares from fellow holiday makers looking at my book titles. “Oh, how interesting”, they politely comment, when what I know they want to say is “you weirdo!” Anyway, some of you readers […]
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