Alasdair Macleod

Bitcoins

Cryptos may destabilise fiat

17/11/2017(0)
The assumption in some quarters is that crypto-currencies will replace gold as money, or at least challenge it. This is an error borne out of a misunderstanding of catallactics, ... Read More
GOLD bars

Gold, Goldmoney and Menē

03/11/2017(0)
Gold, ornamentation and money: that was the sequence of events. Man discovered gold, found it malleable, durable and attractive. It was first used for ornamentation, then as social economics ... Read More
oil gold

Oil for gold – the real story

27/10/2017(0)
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it ... Read More
productivity

The productivity myth

20/10/2017(0)
  Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst, with the OECD, the ... Read More
interest-rates

The upcoming increase in interest rates

06/10/2017(0)
  Last week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The working assumption should be ... Read More
world-euro-notes

The forthcoming global crisis

22/09/2017(0)
The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is always the prelude to the crisis phase of the ... Read More
Economy

See no evil, speak no evil…

01/09/2017(0)
The Jackson Hole speeches of Janet Yellen and Mario Draghi last week were notable for the omission of any comment about the burning issues of the day: …where do ... Read More
GOLD bars

Gold – crossing the Rubicon

25/08/2017(0)
  Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it could be an important event, ... Read More
danish-containership-carsten-maersk-is

The fiscal benefits of free trade

18/08/2017(0)
  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 ... Read More
Economists

Why economists cannot forecast recessions

28/07/2017(0)
  The purpose of this article is to draw the widest attention to the chronic inability of the economic establishment to forecast recessions. Next time you hear an economist ... Read More
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