Indestructible

“When a social construct (gold as money) survives for 6,000 years, I would expect curious people to inquire as to whether it is tied to some immutable underlying law, or otherwise investigate if there is something more here than meets the eye. Not so curiously inclined, our court economists prefer to write this off as a 6,000 year delusion. That says…

On skin in the game

“Advertising is a valuable economic factor because is the cheapest way of selling goods, especially if the goods are worthless.”   - Sinclair Lewis.  

End Times

“Now, if you believe a lot of popular history, with books written by people like Jared Diamond, you believe that the elevation of European societies was due to external factors like the environment, or the exploitation of other peoples. I don’t think this is true. The reason that Europe has dominated human affairs is that, unlike China, India, or…

The Crazies

Although better known for Night of the Living Dead, horror film director George A. Romero managed to create the perfect analog for our current collective economic, political and social predicament in 1973’s The Crazies. Why are the good people of Evans City, Pennsylvania turning into hysterical, homicidal maniacs ? [Spoiler Alert] It transpires that…

Who goes there ?

“China says all crypto-related transactions are illegal   *Crypto currencies can’t be circulated, PBoC says in statement   *Planning agency says crackdown important to meet carbon goals” Bloomberg headlines covering Clownworld from 24th September 2021.

Lords of Misrule

“I had this nightmare that the economy was run by micromanaging Econ professors, who worked for the big banks & had no real-world experience.” Tweet by @RudyHavenstein.     Smash ! The son of a Parisian shopkeeper accidentally breaks a pane of glass. A crowd gathers at the scene. The shopkeeper is annoyed, being out of…

Convid-19

“We live in a time of great uncertainty and confusion. Events keep happening that seem inexplicable and out of control. Donald Trump, Brexit, the War in Syria, the endless migrant crisis, random bomb attacks.. And those who are supposed to be in power are paralysed – they have no idea what to do. This film is the epic story of how we got to this…

The Year the Earth Stood Still

First, the virus. Then the governmental overreaction, complete with lockdowns, ghoulish media terrorism, the defenestration of acknowledged science, mass psychosis, brutally directed administrative fear ‘nudging’, and universal social and economic dysfunction. Now the backlash. It is not as if the fundamental underlying problems hadn’t been identified…

Trustbusters

“The man who reads nothing at all is better educated than the man who reads nothing but newspapers.” Thomas Jefferson.   “Myth is much more important and true than history. History is just journalism and you know how reliable that is.” Joseph Campbell.    

On pain of death

“Central bankers control the price of money and therefore indirectly influence every market in the world. Given this immense power, the ideal central banker would be humble, cautious and deferential to market signals..