martinhutchinson (25)in #cryptocurrency • 4 years agoThe Bear’s Lair: Cryptocurrencies and the South Sea CompanyCryptocurrencies have not taken over as the new Gold Standard, but nor have they disappeared, and they have been…martinhutchinson (25)in #economics • 5 years agoThe Bear’s Lair: Competition is good for governments, tooIt is a well-known economic principle, the central thesis of Adam Smith’s work, that competition between individual…martinhutchinson (25)in #housing • 5 years agoThe Bear’s Lair: Housing bubbles are universally destructiveEver since this column started in 2000, I have been writing that British house property is hopelessly overpriced.…martinhutchinson (25)in #economics • 5 years agoThe Bear’s Lair: The happy new world of tariffsAs President Trump imposes tariffs on China and elsewhere, much dark muttering is heard from the media and…martinhutchinson (25)in #economy • 5 years agoThe Bear’s Lair: Learning the right lessons from 2008Learning the right lessons from financial crises is tough. The 1929 stock market crash was blamed for all the ills of…martinhutchinson (25)in #china • 5 years agoThe Bear’s Lair: China’s coming Austrian collapse“The coming collapse of China” has been predicted many times. Indeed, an excellent book of that title was a…martinhutchinson (25)in #ai • 5 years agoThe Bear’s Lair: The AI revival of Thomas MunThomas Mun (1571-1641) wrote the mercantilist classic “England’s Treasure by Forraign Trade” arguing that the country…martinhutchinson (25)in #politics • 5 years agoThe Bear’s Lair: Globalization has become political poisonSince 1991, globalization has been touted as the solution to all the world’s problems, that will pull emerging markets…martinhutchinson (25)in #eu • 5 years agoThe Bear’s Lair: Shadows deepen on EU economyMost EU countries are rich and highly productive, with specialized industries other countries would die for. Yet the…martinhutchinson (25)in #finance • 5 years agoThe Bear’s Lair: Balance the budget the McKinley wayOpponents of President Trump’s proposed tariffs obscure one important feature of them: they provide revenue for the…martinhutchinson (25)in #economics • 5 years agoThe Bear’s Lair: De-globalization gathering momentumPresident Trump’s sudden announcement of tariffs on steel and aluminum is by no means unprecedented – Presidents…