Here at Bogpaper Towers we were given the heads up about a new film coming our way which sounds like something which is right up the street of you Bogpaperites. The film, End of the Road, paints an alternative picture to the financial crisis to the picture which the mainstream media and politicians try and […]
Taken from the Adam Smith Institute, the below looks at the costs and benefits of sin taxes. We would be interested to know what you think of their views. Read the original post here. “Sin taxes” on cigarettes and alcohol are designed to boost revenue, not improve public health Minimum alcohol pricing will exacerbate poverty […]
Bogpaper’s very own Jan Skoyles has written the piece below, it originally appeared on The Real Asset Co’s pages, but they’re a nice bunch and they let us share it with our fellow Bogpaperites. ‘Civilized people don’t buy gold’ Charlie Munger, vice-president of Berkshire Hathaway Hi, I’m Jan and I’m uncivilised. Becoming uncivilised was […]
In today’s suggested read Gary North, of libertarian website lewrockwell.com, explains the meaning of austerity and puts the media straight on their misunderstanding of the word. Read the original article here. The Keynesians and declared anti-Keynesians have joined hands in order to promote an intensely Keynesian error: European fiscal austerity as a negative factor. One […]
The United States and the European community have been exporting their financial problems around the world. The Reserve Bank of India, for example, has cut interest rates, which had steadily from 4.5% to 8.5% in the last two years but declined to make more ambitious cuts because of the theat of inflation. Turkey is better […]
It’s clear now that here at Bogpaper Towers we are big fans of Paper Money Collapse author Detlev Schlichter. Mr. Schlichter has a superb way of explaining issues in the current financial system, in a way that is entirely accessible to the masses. After writing his book Mr Schlichter is frequently asked what should be […]
In this great speech by Lew Rockwell, libertarian and former Chief of Staff to Ron Paul, he outlines why we need to approach economics in a totally different manner that which the mainstream do. Austrian economics, the stream which we promote here, is the economics of human action. It is not a form of […]
Today we bring you a great new blog piece from Detlev Schlichter, author of Paper Money Collapse. We have posted some of his work before and will continue to do so in the near future, mainly because his musings are extremely accessible for those new to the world of Austrian economics and libertarian thinking. In […]
Lew Rockwell: Central banks are steering society off a cliff
Lew Rockwell is the Chairman of the Ludwig von Mises Institute. Here, he talks to Russia Today’s Capital Account in regard to the central banks, mainly the Federal Reserve. He states ‘ you can’t believe anything that comes out of the beige book.’ He believes that we are going to a much worse situation with the central banks directly monetizing the debt – it will either end in hyperinflation or a disguised inflation suppressed by price controls which would lead to ‘total economic disaster.’
He states that today is far worse in terms of civil liberty than it was when Nixon took us off the gold standard.
It starts 5 min 11 seconds in.