In Gold Wars, Swiss banker Ferdinand Lips sets out the case that gold and freedom are inseparable. Over 254 pages, he shows how governments fight against gold, a vital restraint on their spending and therefore interventions in the lives of free people. It’s a case which ex-Federal Reserve Chairman Alan […]
Read MorePost Tagged with: "economics"
The CPS demonstrates smaller government is better for society
Via the CPS, a report and video, explaining that small (though not that small) government is better for society: Tim Knox, Director of the Centre for Policy Studies, commented: This paper shows that smaller government results in higher growth – making a mockery of the current austerity vs. growth division. […]
Read MoreDocumentary on the financial crisis: The End of the Road
I have just watched a fascinating documentary about the financial crisis by Austrian School thinkers including Peter Schiff, author of the superb book How an Economy Grows and Why It Crashes: Two Tales of the Economy: The End of the Road. It was interesting and easy to follow. It was […]
Read MorePlease pay your debts, Argentina!
When we hear the word ‘default’ we naturally think of the euro. But to many people across the world, ‘default’ is associated with Argentina. In 2001, Argentina committed the greatest default in history and declined to repay $81,000,000,000 that had been lent to it in good faith. Even now, it […]
Read MoreThe transformation of our society: the Labour vote and state spending
Two charts show how our society has been transformed in the last century or so: the party share of the UK popular vote and UK state spending as a proportion of GDP. Via Wikipedia, the parties’ vote shares since about 1830: And via 2020tax.org, an updated chart I have used […]
Read MoreCan government spending activities have a positive impact on economic activity?
Can government spending activities have a positive impact on economic activity? Do federal spending programs designed to offset a recession’s negative effects add a boost to GDP growth? Can government purposefully and successfully take steps that will increase employment? In essence, do government stimulus programs really work? With various political parties advocating […]
Read MoreA massive failure of journalism is being corrected
Via It’s austerity all right – but not of the kind we actually need, City A.M.’s Allister Heath makes his case: It has long been a theme of this column that the government and its critics alike have exaggerated the extent of the government’s belt-tightening. The coalition is doing this […]
Read MoreWilliam Hague: “There’s only one growth strategy: work hard,” but hard work needs honest money.
In today’s Telegraph, William Hague tells the Government’s business critics to stop complaining and work hard to deliver jobs. However, Mr Hague forgets that a day’s hard work is rewarded with a day’s pay: if that pay is in a money which someone else is producing at near zero cost, the […]
Read MoreTwo videos celebrating 15 years of the Monetary Policy Committee
SaveOurSavers are celebrating 15 years of the Monetary Policy Committee with the following video. It’s rather too harsh on the Governor: effective central planning of the price of money is just as impossible as the planning of other prices and surely more counterproductive. That is, the Monetary Policy Committee are […]
Read MoreRail: did we win the Cold War then suffer a Communist takeover?
I had a series of exchanges recently at the Transport Committee on the subject of rail regulation which illustrated how far economic regulation has drifted from economic reality. The transcript is here. The Chief Executive of Network Rail appears not to appreciate the role of price and freedom to contract, […]
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![😡 A wise building site carpenter once said to me,
🗣️”A Labour government is the worst kind of government for the working man [and woman].”
🇬🇧 True then. True today. We battle on.](https://www.stevebaker.info/wp-content/uploads/2024/05/442413775_18432903037051538_3387178564604183858_n-320x320.jpg)
![😡 A wise building site carpenter once said to me,
🗣️”A Labour government is the worst kind of government for the working man [and woman].”
🇬🇧 True then. True today. We battle on.](https://www.stevebaker.info/wp-content/uploads/2024/05/442413775_18432903037051538_3387178564604183858_n.jpg)
