The Ledger of Empire: Reconstructing the Mathematics of Extraction
·216 words·2 mins
A mathematical reconstruction of structural wealth transfer through currency regimes and debt.
Monetary Policy
The Ledger of Empire – Part 3: The Seigniorage Machine: A Mathematical Reconstruction of Colonial Wealth Transfer
·1386 words·7 mins
Modeling the interwar deflationary peg and the export of £250 million in gold during the Depression.
The Ledger of Empire – Part 2: The Golden Ransom
·903 words·5 mins
Modeling the interwar deflationary peg and the export of £250 million in gold during the Depression.
The Ledger of Empire – Part 1: The Remittance Machine
·979 words·5 mins
Analyzing the seigniorage and Council Bill systems that centralized Indian wealth in London.
Free Trade: Fact or Fiction?: Part 7 – Mission Impossible?
·1478 words·7 mins
This post examines the macroeconomic policy prescriptions applied to developing countries through IMF conditionality, evaluating the empirical relationship between inflation, interest rates, fiscal policy, and economic growth across the historical record. It draws on the cases of Brazil, South Korea, South Africa, and Argentina to assess whether the standard orthodoxy of very low inflation and balanced budgets produces the outcomes its proponents claim.
The Unvarnished Ledger - Part 1: The Latte Factor
·556 words·3 mins
How monetary policy quietly shrinks your morning ritual—and why your daily coffee has become a leading economic indicator.