The geography of inflation

Prices rise and fall for a great many reasons but there is only one cause of a general, ongoing rise in prices: an increase in the money supply. A look at the geography of Renaissance Europe’s great inflation illustrates the point.

Gold’s New High: Remembering Mr Brown’s “Bottom”

Gold hits $3,000 - 20 years after Gordon Brown sold Britain’s reserves at the bottom. Was it the worst financial decision in UK history?

Is the World’s Biggest Oil Discovery About to Rewrite the Rules?

A hidden oil reserve larger than Saudi Arabia? The Antarctic Treaty stands in the way - for now. Could political pressure change everything?