Alasdair Macleod

Contributor since: 23 Jul 2012

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• The Relationship Between Money and Prices

  Published 11 March 2013 | viewed 0 times

  The quantity theory of money and its accompanying equation of exchange are generally accepted as defining the relationship between money and prices. The equation has…

• A Detailed Look at Bank of England Gold

  Published 04 March 2013 | viewed 0 times

  The London Bullion Market is the global trading centre for physical gold, and the Bank of England holds gold on behalf of other central banks.…

• Osborne Cornered

  Published 25 February 2013 | viewed 0 times

  On 20 March George Osborne, the UK's Chancellor, will present his budget. So far he has made a valiant attempt to cap public sector spending,…

• The Final Countdown

  Published 18 February 2013 | viewed 0 times

  Governments have refused to accept the necessity of a period of economic re-adjustment following the credit-bubble. The bubble burst about five years ago and economic…

• The Impossibility of Economic Calculation in a Fiat World

  Published 11 February 2013 | viewed 0 times

  The purpose of keeping accurate accounts is to quantify net worth at any given point in time - as well as the change from a…

• Bank of England Gold - The Doubts Remain

  Published 28 January 2013 | viewed 0 times

  Last week I wrote about the mess the Bundesbank has found itself in over its gold bullion. But they are not alone: the Dutch, Austrian,…

• Gold Reserve Mysteries

  Published 21 January 2013 | viewed 0 times

  Last Wednesday the Bundesbank released a statement to the effect that 300 tonnes of Germany's gold will be moved from New York and 374 tonnes…

• Austrian Economics in 2013

  Published 14 January 2013 | viewed 0 times

  Regular readers of my articles either have some knowledge of Austrian economic theory or at least suspect that Keynesian and monetarist alternatives are flawed. Their…

• The Economics of Gold and Silver in 2013

  Published 07 January 2013 | viewed 0 times

  The New Year should see some major changes in how gold and silver are regarded in the West, if it becomes obvious that confidence in…

• Alasdair Macleod's Outlook for 2013

  Published 31 December 2012 | viewed 0 times

  I have not faced the prospect of a new year with so much trepidation as when I contemplate what is in store for 2013. Systemic…

• Goodbye to Liberty

  Published 17 December 2012 | viewed 0 times

  The human race, in its advanced economic form, is committing euthanasia. The US, UK, Europe and Japan are all implementing economic policies that must ultimately…

• The Coming Silver Price Eruption

  Published 03 December 2012 | viewed 0 times

  There was a degree of predictability about the knockdown in gold and silver at the US futures market (Comex) last Wednesday. The reason is that…

• Shadow Banking: The Next Landmine

  Published 26 November 2012 | viewed 0 times

  The Federal Reserve Board originally led us to believe that it was necessary to expand money supply through quantitative easing to offset the contraction of…

• Understanding Asian Gold Demand

  Published 19 November 2012 | viewed 0 times

  There is growing awareness that gold is accumulating in Asia. Indians have for a long time been the largest buyers of gold and have a…

• Green Shoots of a US Recovery?

  Published 12 November 2012 | viewed 0 times

  There is growing hope in some quarters that economic recovery is at last under way in the USA. Is this just an election-inspired pick-up in…

• The Free Market's Slow Death

  Published 29 October 2012 | viewed 0 times

  Much has been made in the press of the manipulation of LIBOR, without much explanation of the consequences for prices of all things that depend…

• Money Printing Is The Only Thing Keeping The System Afloat

  Published 15 October 2012 | viewed 0 times

  Last Monday GoldMoney published my article showing the frightening growth in money-quantities for the US dollar. In that article I stated that the hyperbolic rate…

• The SCO, China, Iran, and Gold

  Published 08 October 2012 | viewed 0 times

  I make no apology for returning to the subject of China, its role in the Shanghai Cooperation Organisation, and gold. Gold is now a strategic…

• Animal Spirits

  Published 24 September 2012 | viewed 0 times

  The BBC is running a three-part series on notable economists, starting with Keynes. There were a number of errors made, but I shall ignore those…

• Euro Shorts Smell Blood

  Published 17 September 2012 | viewed 0 times

  Within the eurozone there are great stresses. At one extreme there are punitive costs of borrowing for Greece, Cyprus, Portugal, Ireland, Spain and Italy; at…