The recent riot in Moscow (after Russia lost a soccer game to Japan) which caused the police to club a fan to death is but one example of the fear of governments—of the left or the right—when more than a few people start to . . . Continue reading
Month: December 2010
From the mouths of babes and bondholders
If anybody has an expert view of the true state of Western governments then it’s Pimco, the world’s largest bond fund. When it says—yesterday—that the latest bail-out gimmick by the European Monetary Union (not due . . . Continue reading
Status is almost all
Status gives the male the opportunity for sexual activity—which is a powerful instinct second only to survival itself. In most cases the status of the male gives the opportunity to be selected by the female either for brief sexual activity . . . Continue reading
Being passed by
Western central banks and governments have been disparaging gold-as-currency for the most of the past century. Their message — that gold is a ‘barbarous relic’ (Keynes) — would be more persuasive if they had been looking after their own national currencies more carefully.
The Austrian School
There are so many bloggers on the net (and politicians, newspapers, the man-in-the-street, etc) who castigate the banks as being the source of all our problems. For example, one blogger this morning writes: “The banking system . . . Continue reading
Steady-state economics for the West
The mention of Transition Towns suggests another possible model which may take shape in the coming years — Urban Communes. At the time I founded the environmental journal . . . Continue reading