By Alasdair Macleod Two years after leaving the EU Britain has made almost none of the promised progress towards economic liberalisation. While Brussels hasn’t been helpful, libertarian ministers in the Tory government have been both conquered by the bureaucracy of the civil service and even turned into high spending statists…

By Alasdair Macleod The Fed has just released its first public consultation paper on a dollar-based central bank digital currency. For many, central bank digital currencies (CBDCs) are a means of heading off private sector cryptos, but coincidentally the prices of bitcoin and others have collapsed, losing half their value…

By Alasdair Macleod In recent weeks inflation has become a major economic concern. Nearly all the commentary emanating from monetary policy makers, economists, and the media is misguided, believing inflation is rising prices and must be addressed accordingly. They are only the symptoms of inflation. The true cause is the…

By Alasdair Macleod The establishment, including the state, central banks and most investors are thoroughly Keynesian, the latter category having profited greatly in recent decades from their slavish following of the common meme. That is about to change. The world of continual Keynesian stimulus is coming to its inevitable end…

By Alasdair Macleod It has been a disappointing year for profit-seeking precious metal investors, but for those few of us looking to accumulate gold and silver as the ultimate insurance against runaway inflation it has been an unexpected bonus. After reviewing the current year to gain a perspective for 2022…

By Alasdair Macleod Leading central banks like to think that through careful interest rate management, they have tamed the economic cycles which lead to regular economic downturns. Instead, they have only managed to bury the evidence. To appreciate the extent of their delusion one must understand the source of economic…

By Alasdair Macleod With the threat of dollar hyperinflation now becoming a reality it is time to consider what will be required to stabilise the currency, and by extension the other fiat currencies which regard the dollar as their reserve. This article takes its cue from Ludwig von Mises’s 1952…

By Alasdair Macleod It is only now becoming clear to the investing public that the purchasing power of their currencies is declining at an accelerating rate. There is no doubt that yesterday’s announcement that the US CPI rose by 6.2%, …

By Alasdair Macleod That the post-industrial era of fiat currencies is coming to an end is becoming a real possibility. …