The City

Is the pandemic over?

Freedom Day has come and gone. But Covid-19 cases plunged instead of surging as predicted. Is the pandemic over? Have we reached the magic threshold?…

The lucrative law of unintended consequences

I believe every government action to solve a problem makes it worse or creates a bigger problem. Or both… I’m not just talking about the…

When Hayek went Down Under and grabbed Inflation by the balls

One year ago, I predicted inflation would surge. That an inflation surge would be engineered by our central bankers, I should say. Today, the idea…

There will never be a true Freedom Day

They called it Freedom Day. But I didn’t notice any difference. This is perhaps because I don’t go nightclubbing. Or because I’m stuck in Japan……

Gold versus bitcoin? It depends what for…

While doing your gardening, would you rather discover a stash of Japanese war gold, or a hard drive with bitcoin on it? I do realise…

The Great Escape from government money itself is now on

What if our surging inflation rate is a deliberate government policy to devalue our money? With ridiculously low interest rates to add insult to injury?…

Financial repression, and juggling incontinent squid, in practice

Yesterday’s dive into the inflation data ended with some pertinent questions: how do you juggle incontinent squid? And, more importantly, what exactly is financial repression?…

Confirmation bias spikes alongside inflation

Is the inflation genie out of the bottle? It’s notoriously tough to get inflation back under control once you unleash it. That’s why turning points…

Green Window Guidance will create a Green Bubble

Whenever governments try to direct credit into a part of the economy, it usually ends in disaster. While the obvious example is the US housing…

Uncharted waters in debt, inflation and demographics

Even central bankers are worried about the housing bubble this time. Meanwhile the market pundits who warned us about a crash in 2007 are calling…

Do you remember what comes after a housing bubble bursts?

It didn’t take long for the world to forget the price of the housing bubble of 2007. Nor the lessons we were taught by what…

House prices boom, Nissan votes for Brexit, and a brewing government scandal

House prices around the world are surging out of control. Will there be another crisis when they bust? Britain has a new health secretary. What…

The incentives that govern the UK after Brexit and Covid-19

I expected to write this article about Brexit’s risky implications. But it’s become about Covid-19 instead. Still, the underlying topic is the same: how will…

At what point does the Delta variant trigger a financial crisis?

Do you remember January 2020, when we began to hear rumours of a virus in Wuhan, China? A key question facing investors back then was…

Why you should expect another financial crisis

For 40 years, interest rates have gradually been falling. But it wasn’t a smooth ride. Each time rates went up, there was some sort of…

Keynes vs Hayek on climate change

Which famous economist has it right on climate change? J.M. Keynes or F.A. Hayek? Should the world’s governments interfere in our lives to try and…

Greenbacks for green quacks

The green energy focus continues in full flight in today’s Fortune & Freedom. Just like quantitative easing (QE) and the inflation it will cause, our…

The greens demanded right of reply…

Yesterday’s Fortune & Freedom caused a bit of a stir… I rather harshly criticised the green movement. Fairly, in my view, but harshly. But my…

Is the economy going green or getting gangrene?

Yesterday, we left you with an enticing question. Now that we know science and media can be enslaved to political causes, what else might the…

The Wuhan lab leak isn’t China’s Chernobyl

Today is the official launch. But have you signed up for the Fortune & Freedom Podcast yet? Exclusive content will be available via Apple Podcasts,…