Before surveying the economic damage that has been inflicted in the name of “public health” over the past 18 months, it is worth noting that faulty economic theory and misinterpretation of statistics are two of the key reasons that the UK economy was already in long term decline before the events of 2020 … Read More
There has been a lot of activity on “FinTwit” recently regarding the mechanics of the monetary system, whether quantitative easing (“QE”) really is money printing, and therefore whether the likely path ahead is one of inflation or deflation. George Gammon has released an excellent video series explaining the basic mechanics, Lyn Alden has published a … Read More
The word “inflation”, used in the context of anything other than modern economics, is normally taken to mean the expansion, or increase in the size, quantity or volume of something. Indeed, back in more logical times its use in the field of economics was to describe the expansion of the money supply. More recently, through repeated misuse by … Read More