Finance media are replete with editorials celebrating China's rise and the pivot of economic hegemony from the West to the East. The saviour comes in the form of newly minted Asia's consuming class unleashed on the global stage as salvation to the problems of the West - over indebtedness and the lack of economic opportunities.
It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights. Ludwig von Mises - The Theory Of Money And Credit - 1912
Friday, 18 October 2013
Thursday, 17 October 2013
Deflation Land: Why I stopped worrying and learned to love the cur...
Deflation Land: Why I stopped worrying and learned to love the cur...: For the past 300 years, the historical pattern has been for the era marked by a century to continue into the following century by fourteen ...
Friday, 11 October 2013
Report Card for the period to 30 September 2013
Freshman in the share market
In 1993 I had a short but bitter fling with the stock market. The tryst ended quickly with the market winning and my pocket lighter. Losses compounded from having one-night-stands with these companies instead of committing to long term relationships. I learnt my first lesson: when you haven’t the faintest idea of what you are doing but do it anyway, it is downright stupid if not reckless.Friday, 4 October 2013
Subscribe to:
Posts (Atom)