“Inflation it is not an act of God”

INTERVIEW WITH GODFREY BLOOM:  Over the last couple of years, the UK has been increasingly in the news – for all the wrong reasons. The cost of living crisis, in particular, has been monopolizing headlines at home and abroad. Of course, inflation is by no means unique to the country. To the contrary, it has …

Inflation outlook – A battle lost before it started

After months of consumer price increases and after countless working households found themselves in dire financial straits struggling to make ends meet, in the late May, President Biden finally revealed his grand plan to fight inflation in an op-ed for the Wall Street Journal. The much-anticipated response to the cost of living crisis that has …

Cantillon effect: Who’s paying the highest price?

Every time we hear government officials announce their big spending plans, their new welfare programs and their ambitious “job creating” schemes, they always present them as being in defense of the poorest and the most marginalized members of our societies. In coordination with their central bankers, they print and spend new money at will, claiming that …

The taper that never was

For many months now, the mainstream financial press and market analysts have been anticipating some kind of violent reaction or a “taper tantrum”, based on what they described as “hawkish” statements from the Fed and other central banks. Removing the “crutches” from the economy, by hiking interest rates and stopping the asset purchasing programs, was often cited as …