Often I get asked by people weather I am “left-wing” or “right-wing”. Often, also, people kind of assume after listening to me for a while that I belong to the “right”. My answer to this is always the same: I cannot put myself in any part of a spectrum which doesn’t hold my political and philosophical views […]


Let’s review some of the latest events of relevance that have occured around the world: Cheap fuel Energy prices have plummeted very significantly in the past months. What has happened? There are many factors coming into play. One is the rising dollar. Yes, the dollar has appreciated in the past few weeks. Don’t misinterpret this […]


Pablo Iglesias, se ha visto catapultado hacia la fama tras el éxito que ha tenido Podemos en las elecciones europeas. Así pues, durante las últimas semanas Iglesias ha aparecido en varias cadenas de televisión defendiendo y exponiendo los principios de su partido. Sin entrar en gran detalle en el programa de Podemos, me gustaría discutir […]


Si la intención es lo que cuenta, parece ser que sí. Como ya han anunciado muchos medios , Podemos se sitúa como primer partido en intención de voto para las próximas elecciones, seguido de cerca por el PSOE y no tan de cerca por el PP, que en los últimos meses, aunado por los persistentes escándalos […]


During the past few days, I’ve had the pleasure to discover the works and explore the wisdom of one of the greatest economists of our time, Antal Fekete. This mathematician and economist is, as far as I know, the most knowledgeable person on matters of monetary policy and financial markets. I hope that in the […]


It has almost been a year since I made my predcitions for 2014. Most of what I said back then, is still relevant today. The real problems in the economy have yet to be tackled, while most people are still looking at the all-powerfull central banks to take responsability for “boosting” the economy. The naivety […]


A menudo en discusiones, a los liberales se nos llega ha acusar, erróneamente, de ser “egoístas o de “no tener corazón”. Es cierto, que a primera vista puede parecer así. Cuando los liberales afirmamos, por ejemplo, que no es necesariamente el deber del Estado amparar a aquellos más desfavorecidos, puede llegar a producir desde enfado […]


This article was originally posted on The Value of Money Once up on a time, there was a society of people creating and exchanging goods. As this society of people increased in number and wealth, it became increasingly difficult to exchange one good for another, the process known as barter. In an effort to […]


The past few weeks have brought about many significant changes to the geopolitical landscape. Most recently, Syriza has gained a majority in the Greek elections. The radical left-wing party has actually formed a coalition government with the far right. Syriza promises to rid Greece of the pathology of “austerity”. They plan to do this by […]


Mientras economistas y analistas financieros se pasan el día atendiendo hasta los más insignificantes detalles de la política monetaria, pasan por alto uno de los indicadores más reveladores en materia de dinero. Si bien la mayoría de economistas tienen una buena idea de cómo se han expandido los balances de la Fed y el BCE, […]


Today I shall set forth the reasons why markets are superior to governments in creating and distributing wealth. In no way does it suffice to say, simply, that markets are “perfect” and that the invisible hand will bring about spontaneous order. Yes, all of this is true, but if people have to be convinced of […]


Translation of one of my best articles yet, Més que un liberal.
Merry christmas!


Today I shall be explaining exactly what gold (permanent) backwardation is, and why will be a historic tragedy that will send the western world back to the dark ages. What is it? Bakwardation is used generically to define a market where the price of futures is below the spot price. In the gold market, this […]


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