Category Archives: Uncategorized

Hey, been a long time since last post. I use Explornet internet, and it is full of flaws. Cannot log in to my blog unless I go somewhere else. Any user who is thinking of using Explornet better check this … Continue reading →

It seems the ‘race to the bottom’ is picking up speed; the ‘race to the bottom’ in value of fiat currencies, that is. Conventional wisdom calls for a reduction of the (relative) value of a currency, in order to ‘support … Continue reading →

We keep hearing that the US economy is heading for a ‘financial cliff;’ the confluence of a congressional mandate to cut spending and raise taxes. This ‘cliff’ was created… or at least promoted from financial ‘hurdle’ to financial ‘cliff’… by … Continue reading →

To paraphrase F. A. Hayek; an economic system based on central planning cannot possibly work, because any central planner would need to have information about all transactions going on in the economy… as well as ‘intelligence’ to use this torrent … Continue reading →

The latest folly from the ‘powers that be’ can be surmised from two recently floated ‘trial balloons’. The first balloon is a quote from The Economist; “The idea that central banks might cancel their government debt, or restructure them into … Continue reading →

With about 1.6 Billion US dollars of customer’s money ‘disappearing’ in the MF global bankruptcy, you may be wondering what is going on… and exactly where is the world heading. These are good questions, but to answer then we need … Continue reading →

Much ado is being made of the so called ‘remonetization’ of Gold; the U.S. Republican Party even has a ‘plank’ in its ‘platform’ calling for an ‘investigation’ of a possible re-introduction of Gold to the U.S. monetary ‘system’… bah, humbug. … Continue reading →

In Interest vs. Discount, we saw that the formation of the discount rate is radically different from the formation of the interest rate. To clarify this, and to examine the importance of this difference, we first follow a very simple, … Continue reading →

There are two broad approaches to the world of science; the traditional way, the way of Natural Philosophers is one. Galileo, Newton, Darwin, Adam Smith and many other greats of the past were considered ‘Natural Philosophers’. Natural Philosophers observe Nature, … Continue reading →

Einstein said it best; for a model of reality to be useful, it must be as simple as possible… but no simpler. The very simplest possible model of economics comprises one person… because one human actor is the smallest and … Continue reading →