Alasdair Macleod

U.S. dollar notes are seen in this picture illustration

The new deal is a bad old deal

10/07/2020(0)
So far, the current economic situation, together with the response by major governments, compares with the run-in to the depression of the 1930s. Yet to come in the repetitious ... Read More
gold bars

A potential crisis in Comex gold

08/07/2020(0)
We are all used to the bullion banks covering their shorts on Comex by waiting until the speculators are over-bullish and vulnerable to mark-downs that trigger their stops. Algorithmic ... Read More
stock exchanges

Prices are going to rise — and fast!

07/07/2020(0)
  With stockmarkets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway. Other than possibly the very short-term as we emerge from lockdowns, ... Read More
Economy

MMT —it’s just neo-Keynesian macroeconomics

12/06/2020(0)
  The doyenne of MMT, Stephanie Kelton, has published a book this week explaining modern monetary theory. This article examines the foundations of MMT which Kelton explained in an ... Read More
world-euro-notes

Statistics, lies and the reservoir effect

04/06/2020(0)
This article debunks the misconception that GDP represents economic health. It explains how monetary flows have led to markets in financial assets inflating while non-financials in the GDP bucket ... Read More
inflation

Unintended consequences of monetary inflation

15/05/2020(0)
  “In short, the Fed is committed to rescue businesses from the greatest economic catastrophe since the great depression and probably even greater than that, to fund the US ... Read More
currency

Time to learn about money

14/05/2020(0)
  An unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such ... Read More
world-euro-notes

Geopolitics post COVID-19

07/05/2020(0)
  Before the coronavirus caused governments to impose lockdowns, whole economies, markets and even currencies were already on course to be destroyed by a vicious downturn in bank lending ... Read More
gold bars

A primer for gold newbies

07/04/2020(0)
  The purpose of this article is purely educational. Increasingly, the wider public is turning to gold in a spontaneous reaction to financial and economic problems that have become ... Read More
currency

Payments panic and the ending of fiat currencies

24/03/2020(0)
The unilateral response from governments to the coronavirus is to helicopter money to people and their businesses in unlimited quantities. Their priority is to keep the debt-driven Keynesian show ... Read More
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