Wednesday Yes, price inflation is now in our near future. Too much hope and false promise has been invested in solar and wind power scams and too much exploration capital has been denied the oil companies by banks with Green shareholders. If that falling oil production meets increased demand, and there is a 40% rise in oil demand predicted for the next decade, … [Read more...]
Central Planning Vs. Economics, Report 29 Dec
Tuesday The enthusiasm with which our parliaments and their myriad departments produce regulations implies a belief that when a sufficient number have been enacted we will have a social and economic perfection. I am reminded of the saying ‘the road to hell is paved with good intentions.’ Yet they cannot cease their destructive impulses, for were they to do so, then it … [Read more...]
Waiting for Inflation – Waiting for Godot?
Monday I see headlines warning of inflation (meaning rising prices), even hyperinflation. These predictions have ebbed and flowed for just under twenty years and many a commentator has a face full of egg. Not that any of them have acknowledged being wrong, or apologised for misleading their readers. Their basic problem was the belief that the more credit notes (fiat) … [Read more...]