INFLATION AS TAXATION WITHOUT LEGISLATION

“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair”. Sam Ewing....

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Of Evolution, Revolution and Disruption a Requiem for Crude Oil

“The measure of intelligence is the ability to change” – Albert Einstein Charles Robert Darwin (1809-1882) was an English naturalist,...

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Bailing With Bail Out Funds

“One of the greatest disservices you can do to a man is to lend him money that he can’t pay back” Jesse H. Jones (1874-1956)....

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FX Reserves: Borrowing from Yourself & Paying Someone Else

I know many of my former colleagues in the banking industry and my fellow students of Economics will be up in arms against me for holding...

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Industrialisation and Development Are Siamese Twins

“When you were making excuses someone else was making enterprise.” ― Amit Kalantri, in ‘Wealth of Words’   To set the...

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Great Things Come In Small Packages

‘There is no one giant step that does it. It’s a lot of little steps’. – Peter A. Cohen ‘A mighty flame followeth a tiny...

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BUDGET 2018: NAMING OUR PUPPY A LION

“The government pretends it is paying us, and we pretend we are working” – An old Soviet era joke “Dear Government… I’m going...

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Let The Rates Tumble

“There is no difference where aims are concerned, between a terrorist with a gun and bombs in his hand and a terrorist who has dollars,...

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Subsidies: Working the Monkey and Feeding the Baboon

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And...

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IT’S STILL THE ECONOMY, STUPID

‘A really hungry person does not twice walk past food offered as sacrifice to the gods’ – Old African Proverb ‘Economy is not...

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