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What happens instantaneously on a pinhead that exists nowhere and everywhere? Most economic activity according to the dominant strain of economics.

In Conversation With: Matthew Watson

Written by Megan Ashcroft Wednesday, 08 August 2012
The Renegade Economist in conversation with Matthew Watson.

More than 99% of the general public think that money works as a system of tokens (real or electronic) that get passed from person to person as trade is carried out.

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Keynesian Economics 101

Thursday, 02 August 2012
Two things caused me to start thinking about this topic today. The first was Attorney General Eric Holder’s announcement that he wants Americans to snitch on people committing Intellectual Property crimes on the internet. The second was the ads in free iPhone apps.
Mario Draghi, President of the European Central Bank, has pledged to do "whatever it takes" to protect the eurozone from collapse.
Standby now for Europe's political and bureaucratic elites to scream ever louder, ever more aggressively with ever more futility for "ever closer union", whilst telling the world and his wife that the great European project is "irreversible".

State Licenses for certain occupations have long been a rallying cry for libertarians, and have recently been one of few areas where they find common ground with left leaning economists.

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Probably the greatest challenge of our time is for the politico-economic Establishment to understand that we’ve now almost certainly reached the end of economic growth as we’ve come to know and love it this past 150 – 200 years, ie throughout the industrial/post-industrial age.

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Bypass the bankers

Written by Dan Gay Wednesday, 11 July 2012

Ooh, a banking enquiry. Bob Diamond's geezers will be quaking in their Guccis.

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