Alasdair Macleod

globe

Resolving creeping communism

15/11/2019(0)
  The thirtieth anniversary of the fall of the Iron Curtain coincides with a popular resurgence of communism and a drift into more socialism. A collective amnesia sees a ... Read More
world-euro-notes

Plans for a global Dystopia

14/11/2019(0)
  Global policy planners intend to deliver replacements for both dollar hegemony and fossil fuels. Plans may appear uncoordinated and in their early stages, but these issues are becoming ... Read More
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration

Money and the theory of exchange

23/10/2019(0)
  Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on a scale greater than any ... Read More
markets flow

An Inflationary Depression

04/10/2019(0)
  Financial markets are ignoring bearish developments in international trade, which coincide with the end of a long expansionary phase for credit. Both empirical evidence from the one occasion ... Read More
Global-Recession

Measuring Recession

20/09/2019(0)
  Using nominal GDP, or GDP deflated by the CPI, as the principal guide to the state of the economy is a common mistake which will eventually prove very ... Read More
USA-China

China or US?

09/09/2019(0)
  China has made some silly errors in its conflict with the US, reflecting the arrogance that often afflicts every state actor. But the appearance that China is being ... Read More
interest-rates

Negative interest rates and gold

30/08/2019(0)
  The reason for persistent strength in the price of gold can be found in the changing relationship between time preference for monetary gold, and a new round of ... Read More
Economy

Our costly dalliance with Lord Keynes

28/08/2019(0)
  In “The General Theory of Employment, Interest and Money”, Keynes virtually created macroeconomics. But Keynes was a mathematician, not an economist, and did not fully understand free markets, ... Read More
european stocks

Inflationary financing and GDP

16/08/2019(0)
  This article demonstrates that only government borrowing in the US and UK drives GDP growth. This surprising conclusion is confirmed by long-run statistics. GDP does not represent economic ... Read More
european union flag and uk flag

Casting off the EU millstone

07/08/2019(0)
  In this article, we look at the implications of the new Johnson government: its strategy, the likely outcome of EU negotiations, and the golden opportunities to reform trade, ... Read More
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