Valbury Capital Really Should Go Bust Here – Allowing a £3.8 Billion Futures Position?

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This is a fun little story. Bloke decides he's going to trade futures as an individual investor - a dumb decision to start with....

There’s An Obvious Answer To Fractional Reserve Banking – It’s A Useful Fraud

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It's entirely true that fractional reserve banking is a fraud, a Ponzi, it's simply outrageous how credit, or wide money, is created. Murray Rothbard...

The Problem With Modern Monetary Theory – Explained For Children So MMT Enthusiasts Can...

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This is a rather good explainer for children about what happens if a country decides it can get richer just by printing a lot...

Today’s Harmful Idiot Is Frances Coppolla

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It may well be that you don't like what a market price tells you. That doesn't mean that you can - no, not should...

Turkey’s Proof That Speculation Is A Zero Sum Game

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A useful little proof from the current Turkish shenannigans that speculation, as speculation itself, is a zero sum game. Whatever is made by one...

Chickens coming home to roost?

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Well, well, well. Scaremongering and doomists have been predicting the end of Britain once we Brits leave the European Union—and a double dose of...

What’s Your Problem Here, Dingbat?

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Horrors, just horrors. People who aid us out of coronavirus induced problems make money. Ain't that just such an immense problem? While millions of...

Unicorns and Nightmares

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Let it not be said we’re asleep on the job here in our dismal pit. No wide awake are we. Hence, immediately a quill...

Sorry MMTers – Banks Do Not Create Money

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There's a much easier manner of explaining why banks don't just create money. Which is to note that there are different types of money....

The Guardian, Wrong Again. You Know, That Always, About Everything Thing?

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The Guardian tells us that oil traders are hiring supertankers to store oil in. This is true. The price today is low so why...