The Market Burden

Today's post is actually only a short sound bite for further conversations to be developed in the future: The real burden of the open and free market is the fact that it does not always behave and act in the way the market participants anticipated. [In other words, the market might be open and free … Continue reading The Market Burden

Peak Debt – What Peak Debt?

Peak Debt is in essence the point at which a sovereign nation reaches its maximum indebtedness and cannot afford to service the debt anymore, thus prompting a reduction in the debt (principal). So, Europe proved yesterday with the uplift of the EFSF (European Financial Stability Fund) from its current base of €440bn to €1tr (boosting … Continue reading Peak Debt – What Peak Debt?

The Ice Age is Cometh

Originally published 4 October 2009: Information Asymmetry is what drives the market. We alluded to this in an earlier blog posting (see Market Responsibility, Saturday, 18 October 2008). Yet we still hear the socialist agenda mention regularly that if it wasn’t for the recent government interventions to ‘save the market’, the market would have collapsed. … Continue reading The Ice Age is Cometh

I blame John Maynard Keynes (JMK)

Ever since the Great Depression and JMK’s ‘The General Theory of Employment, Interest and Money (1936)', have we had more intense government interference and hence taxation in most advanced economies.  Thank you JMK. But seriously, how much is too much?  There must be value in controlling fiscal policy, monetary policy and (social) employment policy, but is … Continue reading I blame John Maynard Keynes (JMK)