Finance and Economics

Jerome Powell is Wrong: The Gold Standard Could Help to Solve Most of The Dire Economic Problems in a Changing World

Federal Reserve Chairman Jerome Powell just arrogantly dismissed the potential that a restored gold standard could offer to Americans and those whose economic interests are indelibly linked with American productivity and solvency. But far from just helping ordinary American workers, savers and entrepreneurs, a gold standard could help the world […]

SDRs Have Clear Advantages Over The Dollar But Gold Has Intrinsic Advantages Over Both

During the lengthy discussions which led to the 1944 Bretton Woods Agreement, economist John Maynard Keynes opposed fixed exchanged rates via-a-vis a gold backed US dollar. He instead proposed the creation of a super-national unit of account which he called the bancor. The justification behind a seemingly tedious accounting unit […]

The Philippines is Among The Least Easy Places to do Business in ASEAN – The Liberal 1987 Constitution is to Blame

The World Bank has ranked every economy in the world based the ease of doing business. The range of factors considered when making the penultimate assessment can be read in detail here. The news for The Philippines in particular serves as a stark reminder of how the economy is being […]

China Set to Finalise Uniform Law to Streamline Foreign Direct Investment

China’s commitment to increased economic openness and continual reform and opening up has provided an anchor of stability for the world economy at a time when those who underestimated China’s determination to fulfil the ideals of perpetual reform, adaptive changes to present needs and expedited opening up, may have mistakenly […]

China Pivots to High Quality Innovation and Production Model While Maintaining Economic Growth

Many were expecting literal economic growing pains for China in 2018 for a number of reasons. First of all, as China intensifies its pivot away from traditional models of mass production and towards a model emphasising high quality goods, innovation, technology and new nationally generated patents, it was thought that […]